Mortgage file tracker.

PositionMortgages statistics - Report - Statistical data

MORTGAGE FILE TRACKER Percentage of Loan Files with 800 or More Pages (all loan types) 2011 2012 2013 2014-Q1 2014-Q2 2014-Q3 2% 2% 11% 16% 27% 22% While the percentage of loans with 800 or more pages decreased by five percentage points-from 27 percent in the second quarter of 2014 to 22 percent in the third quarter-VirPack believes this is due to the increase in the number of origination files opened during the period. Loan Page Size Distribution (conventional loans) 401- 501- 601- 701- 801- 901- 1,001- 500 600 700 800 900 1000 2,000 2013-Q1 15% 14% 13% 10% 8% 5% 8% 2014-Q1 30% 27% 16% 7% 3% 1% 1% 2014-Q2 8% 16% 17% 13% 7% 4% 5% 2014-Q3 6% 12% 14% 14% 11% 7% 11% For conventional loan files, the largest increase was for loans with 1,001 to 2,000 pages, which increased 120 percent. Consistent with the trend reflected in second-quarter 2014 data, all conventional loan file size categories with 700 pages or more registered significant increases. VirPack believes this increase continues to be due to lenders collecting more information in order to protect themselves with borrowers and regulators. Loan File Pages by Product Type (percentage of loans with 500-900 pages) 2014-Q1 2014-Q2 2014-Q3 Conventional 52% 61% 51% Federal Housing 53% 58% 45% Administration (FHA) Department of Veterans Affairs (VA) 77% 66% 59% U.S. Department of Agriculture (USDA) 79% 65% 54% While the analysis of loan file sizes by loan product type showed a decrease in loans with 500-900 pages in all categories, VirPack believes this is due to the increase in the number of loan files opened in the third quarter of 2014. VA loans continued to have more loan files with...

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