In Brief: Originations Down At Resource of S.C.

million in September, a 60% decrease from the same month last year. For the nine months ended Sept. 30, it originated $7.9 billion, down 35% from the same period last year.

Resource said it made $51.9 million of subprime loans in September, off 3% from the same month last year. For the first nine months, subprime loans totaled $552.1 million, up 32%.

The company said that its pipeline of loans in process that are eligible for sale to Fannie Mae or Freddie Mac stood at $900 million, a 61% decline from a year earlier. Its residential-loan servicing portfolio shrank 18%, to $7.9 billion as of Sept. 30.