Commercial banks originated $405.6 billion of residential mortgages in the third quarter, down 25% from the second quarter.
New call report figures released by the Federal Deposit Insurance Corp. (FDIC) show that retail originations at the 874-reporting banks totaled $163.3 billion in the third quarter, compared with $222.2 billion in the previous quarter.
Meanwhile, wholesale and correspondent originations totaled $242.7 billion, compared to $318.5 billion in the second quarter.
Only commercial banks and FDIC-supervised savings banks with at least $1 billion in assets or smaller banks with at least $10 million in originations over the past the two quarters are required to report origination data to the FDIC.
