In the latest ranking of mortgage lenders and servicers, non-bank lenders gave up market share last year as overall mortgage originations turned lower on a quarterly and annual basis.
During the fourth-quarter 2017, home lenders originated an estimated $502 billion in new U.S. mortgages, according to data compiled by Mortgage Daily.
Business was modestly lower than $510 billion in the prior three-month period. An even bigger decline was recorded versus the upwardly revised $577 billion in the final quarter of 2016.
Source: Mortgage Daily