Loan originations were up in some markets, but down in many.

A. It's not easy to get a loan. B. New government lending guidelines (TRID) made it harder, and C. energy-economy instability made more people not even think about wanting one.

Together, those factors converged with normal seasonal easing of loan demand, and added up to a less-than-stellar trending report on loan orginations for the 2015 fourth quarter. Here, RealtyTrac vp Daren Blomquist and his research team offer top line commentary on the latest, Residential Property Loan Origination Report, which notes a big quarter to quarter drop, but a slight year-on-year rise of 1%. Here's the Blomquist sum up of the key take-away:

“The 24 percent drop in purchase originations in the fourth quarter of 2015 was well above the average 15 percent seasonal slump in the fourth quarter over the past 10 years,” said Daren Blomquist, vice president at RealtyTrac. “New mortgage rules implemented at the beginning of October likely contributed to the decrease, but weakness in some local economies could also be contributing to the decrease, most notably in oil producing markets such as Houston and Oklahoma City, both of which saw purchase originations decrease by double-digit percentages both quarterly and annually.”

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