Monthly mortgage originations have been growing slowly but steadily so far this year at most companies. Now some are beginning to exceed last year's monthly figures, which declined as 1994 unfolded.

Countrywide Credit Industries, for example, reported a 5% increase in fundings last month from the level of May 1994. The $2.5 billion of loans was also 20% greater than the April level.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.