Monday, July 20, 2009

Mortgage Nostalgia, Miami Style




Click Chart for Larger View and More Statistics

Looking back four years ago, the market share data report shown above describes conventional purchase mortgages in Miami metropolitan area from April 2005 through June 2005. This was a peak time in the housing boom and a peak time for sub prime. It was a great time to be a mortgage originator.
The lender names in the report are almost a list of who headed to the graveyard. Eight of these companies are no longer in business. Two of the four leading lenders merged into mega lenders.
Note some ratios such as adjustable rate mortgages to total originations or the proportion of high loan to value mortgages. Today, most mortgage markets rarely show high incidences of adjustable rate mortgages or high loan to value ratios.

3 comments:

Berchta said...

How To Fix an upside down mortgages

reverse mortgage pitfalls said...

useful post.




credit for mortgage loan

dwilson1707 said...

This is a wonderful post. The things given are unanimous and needs to be appreciated by everyone.
--------
dwilson1707
Interest Only Mortgage