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Volume 22 - Number 22

October 26, 2018

Big Banks Post Mixed Results in 3Q18 Originations

The nationís major banks had a challenging third quarter as residential production declined at most of the larger shops while nimble-footed nonbanks outperformed, according to a new analysis by Inside Mortgage Trends. Wells Fargo, the nationís largest home lender and a bellwether for the industry, originated $45.2 billion in residential first liens during the third quarter, a 7.1 percent sequential decline. Its closest competitor, JPMorgan Chase, fared a bit better, funding $24.6 billion of ...

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Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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