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New mortgage volume doubled to $23.5 billion.
Mortgage volume surged; in 2006, it topped $2.5 trillion.
The Treasury program produced 14 percent of the mortgage volume.
Refinancings accounted for roughly 75 percent of the quarter's mortgage volume.
Through the first nine months, Wells's mortgage volume totaled $221 billion, more than its previous full-year record of $202 billion in 2001.
Interhyp offers residential mortgages from more than 50 banks, mostly via Internet and by telephone, with a distributed mortgage volume of 5.7 billion euros in 2007, noted Bloomberg.
Similar(42)
"We expect continued weakness in housing through 2008 and mortgage volumes to decline as a result.
Nationwide said that although the review had some impact, its mortgage volumes reflected an exceptional quarter last year, when few other lenders were in the market.
"In the near term, if Brexit uncertainty does translate into housing market uncertainty in terms of house prices and mortgage volumes, Lloyds would have the largest exposure to this".
Earlier, the company said it would cut up to 12,000 jobs, or 20% of its workforce, because it expects mortgage volumes to fall by a quarter next year.It emerged that Joseph Lewis, an investor with holding companies in the Bahamas and Florida, has become the biggest shareholder in Bear Stearns, building a 7% stake in recent weeks.
Of course, mortgage volumes will slow.
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