Top Lenders Lose Market Share as Mortgage Originations Hit Post-Crash Low in Late 2013
January 30, 2014
Mortgage originations late last year sank to the lowest production level since the bottom fell out of financial markets in the fourth quarter of 2008, according to a new market analysis and ranking by Inside Mortgage Finance. Lenders generated an estimated $305 billion in new originations during the fourth quarter of last year, a 33.7 percent decline from the third quarter. The mortgage market hasnt been that slow since the fourth quarter of 2008, when production totaled just $260 billion. Production volume was...[Includes two data charts]