Correspondent Production Continues Gaining Share in Wholesale Market During 3Q08
November 25, 2008
Correspondent lending programs through which a mortgage originator funds new loans and promptly sells them servicing-released to a large aggregator have become more prevalent in the troubled mortgage market of 2008. A new analysis by Inside Mortgage Finance reveals that 37.0 percent of new originations in the third quarter of 2008 came... [Includes seven charts]