The $478 billion in Q2 2013 mortgage originations is a 10 percent increase over a year ago ($436 billion) but a 7 percent decrease from the previous quarter ($515 billion) — primarily as a result of the slowdown in refinancing activity.
Source: IntelliViewSM powered by Experian-Oliver Wyman Market Intelligence Reports
During this unique time in mortgage when most lenders are shattering previous origination records, focus is now drawn to new performance indicators.
Our 8th annual State of Credit report shows that consumer credit scores and signs of economic recovery continue on an upward trend, coming close to a prerecession environment.
In the financial services universe, there is no shortage of players battling for consumer attention and share of wallet. Here’s a look at how credit unions have fared over the past two years compared to banks and online lenders:
