Retail Falters, But Wholesale Lenders See Growth Gains
September 15, 2006
When it came to growth, wholesale lenders were the clear winner in the first half of 2006 – a period that saw the retail share of originations shrink dramatically. According to data compiled by Inside B&C Lending, wholesale lenders produced $275.00 billion in new subprime mortgage through the end of June, or 82.6 percent of the period’s total production. Overall, wholesale volume jumped by a solid 27.3 percent from last year’s midway mark, when lenders used their broker and correspondent muscle... [Includes two data charts.]