Brokers Drive Up Banks’ Mortgage Market Share

Home lending retreated last year. Non-banks lost quarterly market share to financial institutions as a surge in quarterly wholesale lending drove up banks’ share.

During the final-three months of last year, mortgage originations at financial institutions and non-bank lenders came to an estimated $494 billion.

Business at U.S. home lenders retreated compared to the third quarter, when single-family loan production worked out to an estimated $506 billion.

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From:: Financing