Several home-lending businesses recently disclosed residential loan production data, and all-time records were reached by some of the organizations.
Last year, state-licensed mortgage loan originators generated approximately $1.060 trillion is residential loan production. Volume climbed by a fifth from 2015.
The 2016 total included around $520 billion in purchase financing production. Originators boosted purchase-money lending by 15 percent from the prior year.
Source: Mortgage Daily