Home lending retreated last year. Non-banks lost quarterly market share to financial institutions as a surge in quarterly wholesale lending drove up banks’ share.
During the final-three months of last year, mortgage originations at financial institutions and non-bank lenders came to an estimated $494 billion.
Business at U.S. home lenders retreated compared to the third quarter, when single-family loan production worked out to an estimated $506 billion.
Source: Mortgage Daily