Non-bank originators took away market share from banks on a quarter-over-quarter basis, but the year-over-year trend favors banks. Credit unions lost market share.
Home-loan originations during the period that started on April 1 and concluded at mid-year came to an estimated $475 billion, according to data collected by Mortgage Daily.
U.S. mortgage production by all lenders climbed from the preceding three-month period, when U.S. lenders collectively closed an estimated $416 billion.
Source: Mortgage Daily