Correspondent Channel Takes Huge Step Forward in First Half of 2006
September 15, 2006
Sweeping changes are reshaping the subprime market and correspondent relationships are taking on more prominence than ever before as the origination landscape shifts, a new analysis of the subprime market mix reveals. Of course, mortgage brokers remained the main production engine for subprime lenders during the first half of 2006. Inside B&C Lending estimates that brokers originated 54.9 percent of the total $333 billion in new loans. While that left the broker segment as the single largest... [Includes one data chart.]