Lenders Lean More on Retail Production in Early 2010, Brokers Pushed Further to Margin
May 20, 2010
With the sharp downturn in new mortgage lending activity in early 2010, lenders relied more on their established retail operations and continued to draw less business from mortgage brokers, according to a new ranking and analysis by Inside Mortgage Finance. Retail originations accounted for 50.3 percent of new production during the first quarter of... [Includes seven charts]