Thrift originations rose 22% in second quarter to nearly $200 billion as refinancings pushed production to a new industry record.Originations of 1-4 family loans rose from $160.2 billion in the first quarter to $195.7 billion in the second quarter, according to the Office of Thrift Supervision. Adjustable-rate mortgages comprised only 15% of production in the second quarter. "The favorable interest rate environment of the past year has sustained a mortgage refinancing boom that has helped the thrift industry to a series of records in earnings, profitability and capital," OTS director James Gilleran said. Thrifts sold $213.8 billion of single family loans into the secondary market during second quarter.
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