Reports of mortgage production continue to roll in — with some home lenders achieving new milestones, ranking at the top of their local markets or giving up on the business.
During the 12 months ended June 30, there were 1.5 million purchase-money mortgages closed where the borrower made a less than 10 percent down payment.
The share of low-down-payment loans was the highest in seven years. The widening of the share followed four consecutive years of diminishing high-loan-to-value share.
Source: Mortgage Daily