Originations dropped by nearly half last month for Plaza Home Mortgage Corp., Santa Ana, Calif., to $397 million, from $730 million in April 1993.

Two otherpublicly held mortgage banking companies - North American Mortgage and Countrywide Credit Industries - have also reported abrupt drops in originations in April after many consecutive months of gains.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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