Two firms moved up a couple notches in the latest ranking of mortgage originators and servicers. The outlook for new lending activity is likely to improve thanks to Brexit.
Residential lenders, including non-bank mortgage firms and financial institutions, closed an estimated $354 billion in home loans during the first-three months of this year.
Estimated mortgage production was down from $375 billion in the fourth-quarter 2015. Home lending activity also receded from $395 billion in the first-quarter 2015.
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From:: Financing