During the first nine months of a tumultuous 2007, banks averaged $71 million in originations of one-to-four family mortgages. In terms of home equity loans, banks generated an average of $12.9 million in loans, a drop-off from 2006's $17 million. The Northwest proved a bastion of home equity lending, averaging $40.5 million, followed by the Great Lakes at $16.5 million, and New England at $16.2 million. The retail channel continues to be the most popular source for mortgage originations. During the first nine months of 2007, an average of 84% of one-to-four family mortgages was originated through the channel. Wholesale originations average 12%, a 16% drop from 2006.

Banks
Loan originations