Source One ended 1995 with a servicing portfolio of $32 billion and $2.8 billion in mortgage origination.

Sales and mortgage originations are expected to fall off.

In 1992 and 1993, when rates were 1 to 2 percentage points lower, refinancings made up as much as 70 percent of mortgage originations.

Goldome Realty is using current mortgage originations as collateral.

He added that the housing sales figure is the one that savings institutions watch, since it most closely tracks mortgage originations.

In 2004, adjustable-rate mortgages made up a third of new mortgage originations.

He said consumer credit growth, relative to disposable income, was slowing, and noted that mortgage originations were also lower.

For the year, the association is forecasting that total mortgage originations will jump to a record of $1.545 trillion.

Another favorite is Countrywide Credit, the mortgage origination and servicing company.

But private credit is falling at almost an unprecedented rate - mortgage originations are practically disappearing.