Without Correspondent Volume, Top Producers Control Less of the Market
October 21, 2010
The largest mortgage lenders in the industry controlled a significantly smaller share of overall production in terms of their direct originations – loans funded through their own retail operations or through mortgage brokers. With the growth of correspondent production in recent years, direct originations accounted...[Includes two data charts]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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