Quarterly home-lending actually moved higher on a year-over-year basis. Over that same period, non-banks have given up market share to banks.
Single-family loan originators generated $416 billion in mortgage production during the first quarter of this year, according to an estimate from Mortgage Daily.
Business, which was generated by non-bank mortgage firms and financial institutions, descended from the previous quarter when an upwardly revised $502 billion was closed.
Source: Mortgage Daily
