Correspondent Production Up Slightly in 3Q15 As Retail and Broker Originations Tumble
November 25, 2015
The correspondent channel during the third quarter of 2015 took its biggest share of total mortgage originations in years, according to a new Inside Mortgage Finance analysis and ranking. Mortgage lenders acquired $165 billion of home loans from correspondent originators during the third quarter, a 1.9 percent increase at a time when overall production fell 7.1 percent. The surge pushed the correspondent share of new originations to 36.3 percent ... [Includes four data charts]