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Map of the U.S. regions showing first mortgage originations dropped in the third quarter in nearly all areas.

A CU Times analysis of NCUA data showed that the expected drop in mortgage originations occurred in every region except the South in the third quarter of 2021.

The Midwest, East South Central, New England and the Mountain state areas had the sharpest drops from both a year ago and previous quarter.

The South Atlantic and Middle Atlantic fared best, with gains of more than 5% from 2020’s third quarter based on originations weighted by credit union branch distribution in each area.

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Jim DuPlessis

A journalist for decades.

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