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Mortgage Loan Originations Lowest on Record

February’s data showed the continued trend of declining origination activity we’ve been observing since mid-2013, with monthly originations falling to their lowest recorded point since at least 2000. In spite of this decline, residential real estate sales have remained strong due at least in part to investor activity and the fact that cash sales account for almost half of all transactions.

via Mish’s Global Economic Trend Analysis: Mortgage Loan Originations Lowest on Record.

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