Notary Bulletin

Mortgage Originations Jump Nearly 30 Percent In 2012

2012 proved to be a strong year for the mortgage industry as lenders funded nearly 30 percent more in home loans than 2011, according to the latest U.S. Mortgage Market Index report.

All lenders in the U.S. market originated $1.892 trillion in residential and home equity loans in 2012 compared to $1.477 trillion the previous year. The index is produced by and finance industry technology firm Optimal Blue, LLC, and is compiled from market surveys, earnings reports and other publicly available data.

Wells Fargo continues to dominate residential mortgage lending with a 28-percent market share. It originated $524 billion in loans last year compared to $357 billion in 2011. Bank of America cut its activity in half last year while Quicken Loans more than doubled its lending, jumping from $30 billion in 2011 to $70 billion last year. That was good enough to make the online lender the fifth-ranked mortgage company in the country.

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Quiz: The Many Types Of Notarial Acts

Notaries perform many different duties for the public — and it’s easy to lose track of the different acts and what states they’re authorized in. Test your familiarity with common — and uncommon — notarial acts.

(A link to the correct answers is provided at the end of the quiz.)

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