Deputy Seminar, Denver, CO

Loan Spread over COF Widening?

20 40 60 80 100

Large & Med Small

-100 -80 -60 -40 -20 0

Jul-91

Jul-96

Jul-01

Jul-06

Jul-11

Jul-16

Apr-90

Oct-92

Apr-95

Oct-97

Apr-00

Oct-02

Apr-05

Oct-07

Apr-10

Oct-12

Apr-15

Oct-17

Jan-94

Jan-99

Jan-04

Jan-09

Jan-14

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018

MBA Mortgage Activity: Purchase & Refinance (Source: Mortgage Bankers Association)

0 100 200 300 400 500 600 700 800 900

Purch Refi

1997 - Q1

1997 - Q3

1998 - Q1

1998 - Q3

1999 - Q1

1999 - Q3

2000 - Q1

2000 - Q3

2001 - Q1

2001 - Q3

2002 - Q1

2002 - Q3

2003 - Q1

2003 - Q3

2004 - Q1

2004 - Q3

2005 - Q1

2005 - Q3

2006 - Q1

2006 - Q3

2007 - Q1

2007 - Q3

2008 - Q1

2008 - Q3

2009 - Q1

2009 - Q3

2010 - Q1

2010 - Q3

2011 - Q1

2011 - Q3

2012 - Q1

2012 - Q3

2013 - Q1

2013 - Q3

2014 - Q1

2014 - Q3

2015 - Q1

2015 - Q3

2016 - Q1

2016 - Q3

2017 - Q1

2017 - Q3

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018