Two Lenders Stand Behind 25% of Mortgage Securities Issuance in Early 2006; Scores More Divvy Up the Rest
May 19, 2006
Countrywide Financial and Wells Fargo accounted for more than one fourth of the total volume of mortgage securities produced during the first quarter of 2006, in a market that still makes room for much smaller institutions to play a role. Countrywide produced $81.84 billion of mortgage securities during the first quarter of this year, giving the company a hefty 16.1 percent share of the market. The company’s MBS production during the first three months of… [One data table included]