origination :

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origination

uh ri juh nay shuhn

  • n  an event that is a beginning; a first part or stage of subsequent events
  • n  the act of starting something for the first time; introducing something new

  • The value of mortgage originations hit $664 billion in the second quarter, and 69% of that was refinancing (by contrast, 37% of origination activity was made up of refis in the .
  • The summit should consider best practice loan marketing, underwriting, and origination practices consistent with the recent (and overdue) regulators' Proposed Statement on Subprime .
  • Additionally, I suspect that rigorous oversight of the origination of mortgages will need to be maintained for the next 30 years or so.
News & Articles

Quotes

  • Alan Greenspan in Moneycontrol.com
    Let me respectfully restate that, in my judgment, the origination of subprime mortgages-as opposed to the rise in global demand for securitized subprime mortgage interests-was not a significant cause of the financial crisis,Greenspan said.
  • Gary Siplin in Reuters UK
    All we're trying to do now is trying to inform folks that we have a fad now that does not have a very good origination,Siplin said.

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