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by CareyBot

The Mortgage Bankers Association today released a new mortgage market report that details the number and dollar amount of mortgage originations sold by type of purchaser. The new report, 2003 Mortgage Originations by Purchaser Type and State, breaks purchase originations into totals by all of the major players in the secondary market for each state. On a national basis, Fannie Mae purchased 4.98 million loans (totaling $754 billion), compared with 2.95 million loans ($425 billion) by Freddie Mac, 721,000 loans ($88 billion) by Ginnie Mae, and 491,000 loans ($96 billion) by commercial banks. In 2003, California, the state with the largest mortgage market, had almost 2.6 million loans purchased, while Wyoming only had 21,000 purchase originations. The mortgage market summary reports are...