Monday Morning Cup of Coffee: When will mortgage lending pick up?

The housing market is wrapping up a solid summer selling season, and despite some weakness it’s obvious the housing market has picked up. However, the origination element was somewhat tepid, but there’s room to grow. A lot of room.

Notably, there’s been a significant bump in real estate credit hiring that indicates increasing mortgage origination capacity.

Between March and June of 2015 there was a significant acceleration in real estate credit and mortgage brokerage employment figures as reported by the Department of Labor. Real credit employment increased about 4% in absolute terms or about 15% on annual basis.

But after the bump in applications in the spring and early summer months, both purchase and refinance applications softened. Continue reading the full article at housingwire.com

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