struction loans, and the remaining 73.4 percent were other loan types, including conventional. FHA loans as a share of all loan originations increased 7 percent from a year ago while the VA loan share were up 5 percent and construction loans were up 19 percent. The FHA loan share has increased for five consecutive quarters, and in 10 of the 11 last quarters. •
cent); Tucson, Arizona (down 27 percent); Louisville, Ken- tucky (down 26 percent); Chicago, Illinois (down 26 percent); Richmond, Virginia (down 26 percent); San Diego, California (down 25 percent); and Honolulu (down 25 percent).
LOAN ORIGINATION DOLLAR VOLUME UP Although the number of originations decreased from a year ago, the estimated total dollar volume of originations in- creased, thanks to higher average loan amounts. There was an estimated $444 billion ($444,560,103,469) in total loan origina- tion dollar volume in Q1 2016, up 5 percent from the previous quarter and up 5 percent from a year ago—the fifth consecu- tive quarter with a year-over-year increase in loan origination dollar volume. The total dollar amount of purchase loans originated in the first quarter was an estimated $146 billion ($145,693,394,297), down 11 percent from the previous quarter but up 8 percent from a year ago. The total dollar amount of refinance loans originated in the first quarter was an estimated $204 billion ($203,593,423,522), up 8 percent from the previous quarter but down 9 percent from a year ago. The total dollar amount of HELOCs originated in the first quarter was an estimated $95 billion ($95,273,285,650), up 34 percent from the previous quarter and up 45 percent from a year ago.
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FHA LOAN SHARE INCREASES ANNUALLY FOR FIFTH CONSECUTIVE QUARTER Among all purchase and refinance loans, 17.5 percent were FHA loans, 8.3 percent were VA loans, 0.8 percent were con-
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