The value of purchase originations fell in the third quarter—only the second time the value of new mortgages was lower than a year ago since June 2011, according to a report released Thursday by a Los Angeles-area property analytics company.

ATTOM Data Solutions’ U.S. Residential Property Mortgage Origination Report showed U.S. lenders of all types generated $248.4 billion in purchase originations in the three months that ended Sept. 30, down 1.8% from 2017′s third quarter. The previous drop was from 2016′s third quarter to 2017′s third quarter when originations fell 1.9% to $252.9 billion.

The number of purchase originations has fallen each quarter on a year-ago basis since the second quarter of 2017. In the third quarter they fell 2.4% to 892,760.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?

Jim DuPlessis

A journalist for decades.

More from this author

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.