Commercial banks haven’t exactly distinguished themselves in the residential mortgage sector the past few years. Then there’s the case of TD Bank, the Canadian-based depository.
According to a new analysis by Inside Mortgage Trends, TD led the lending pack in terms of sequential growth in the third quarter: 76.2% to $3.19 billion of originations.
Unfortunately for banks, that’s where the positive depository news ends.
Nonbank Caliber Home Loans was a close second, posting sequential lending growth of 70.9%, followed by NewRez (60.9%) and Homebridge Financial Services (51.3%). (New Rez is owned by New Residential Investment Corp., a publicly traded real estate investment trust.) For more details and an exclusive ranking on volume gainers, see Inside Mortgage Trends, now available online.
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