As home lending slowed in the first quarter of this year, credit unions took market share from non-bank originators. Just 10 lenders were responsible for nearly half of overall originations.
Mortgage bankers generated $353 billion in single-family loan originations during the period that started on Jan. 1, 2017, and concluded on March 31.
The total was based on an analysis of production data collected by Mortgage Daily for financial institutions and non-bank home lenders.
Source: Mortgage Daily