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Hilltop Holdings expecting drop in mortgage volumes after strong 2019

Feb 03, 2020 - SNL Financial
Mergers and Acquisitions

Hilltop executives expect their mortgage origination volumes for full year 2020 will decline by 5% to 10% from their 2019 levels after seeing unusually strong activity during the fourth quarter.

Hilltop Holdings Inc. expects its mortgage business to decline to more normal levels in 2020 after low interest rates helped fuel a refinancing boom in 2019.

The bank's total loan origination volumes "remained strong" during the last quarter of 2019 and outperformed expectations, CFO William ...