Loan originations up 17 percent from a year ago in 1Q

Refinance loans accounted for more than two-thirds of those originated in the quarter

Lenders and banks originated approximately 1.6 million loans on single-family homes and condos in the first quarter, a dip of 6 percent from the previous quarter and a 17 percent jump from a year ago, according to RealtyTrac’s first quarter U.S. Residential Loan Origination Report.