Mortgage Production Drops to Seven-Year Low as Top Lenders Continue Grabbing More Market Share
July 24, 2008
Wells Fargo ranked as the top mortgage producer in the country at the midway point in 2008 as industry-wide origination activity dropped 10.4 percent, according to a new market analysis and ranking by Inside Mortgage Finance. An estimated $430.0 billion of new single-family mortgages were originated during the second quarter, the lowest production volume... [Includes two charts and one graph]