Originations Market Looks More Fragmented When Correspondent Business is Set Aside
January 14, 2010
Wells Fargo and Bank of America cast long shadows over the U.S. residential mortgage market, but the industry is still highly fragmented at the point of sale, according to a new analysis of “direct originations” by Inside Mortgage Finance. Direct originations include loans produced by the lender’s own retail operations... [Includes two charts]