Direct Originations Reveal More Diverse Home Mortgage Market, But Big Firms Still Dominate
June 3, 2010
The top tier of mortgage lenders continues to dominate mortgage originations even without their powerful wholesale correspondent programs, a new Inside Mortgage Finance analysis reveals. The top three lenders in the market – Wells Fargo, Bank of America and Chase – accounted for 52 percent of “direct” mortgage originations in the first three months... [Includes one chart]