Wholesalers Pick up the Pace In Race for Loan Growth
Competition sizzled in the subprime wholesale market during the first nine months of the year, with many of the market’s heavyweights bunched in a tight race for market share, a new Inside B&C Lending analysis and ranking suggests. Through the end of September, Inside B&C Lending estimates that wholesale lenders generated $354.87 billion in new loans. Putting that performance into perspective, nearly three out of every four new subprime loans were originated by mortgage brokers… [One data table included]