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Loan originations soar in 2012

by Rob Regan on February 1, 2013

Via Calculated Rick “Highest Level of Mortgage Originations since 2007

[LPS Applied Analytics Senior Vice President Herb Blecher] said. “Volumes were up approximately 34 percent year over year, with about 8.6 million new loans originated.

And as a follow on to the article yesterday about the “refi apocalypse” the rise in home prices last year means 4 million more homeowners have enough equity to refinance, and further appreciation could help another 3.4 million homeowners.  So much for the “apocalypse”.

Overall negative equity is down 35% in the past year.

Finally, we’re about to see a surge in construction jobs.

All good news nationally, and the Bay Area has done even better.

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