Wednesday, November 30, 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Lending Reaches Three-Year Low in Third Quarter

ATTOM’s third-quarter 2022 U.S. Residential Property Mortgage Origination Report shows that 1.97 million mortgages secured by residential property (1-4 units) were originated in the third quarter of 2022 in the United States. That figure was down 19% from the second quarter of 2022 – the sixth quarterly decrease in a row – and down 47% from the third quarter of 2021 – the biggest annual drop in 21 years.

The continued decline in residential