Led by low refi occurrences, U.S. loan originations are dropping

RealtyTrac report shows that despite overall drop, purchase and HELOC are loans up
  • The primary reason for the drop is due to low occurrences of refinance originations, according to the report.
  • HELOC originations are strong in the South and West Coast regions of the U.S.
  • Midwest and East Coast purchase loans boosted more than 10 percent since 2015.
  • For the fifth consecutive quarter, FHA loan share rose.