Suffering from decimated home values and a lack of customers -- not to mention no secondary market for non-prime -- mortgage bankers saw their loan volumes fall by 9% in the third quarter, according to preliminary survey figures compiled by National Mortgage News. The results are based on survey figures filed by ten firms, none of which are top ten lenders. However, the results show one intriguing trend: some lenders are posting gains in wholesale or correspondent production -- a likely response to all the companies that have left those channels. (For the full story and the rankings see the Monday edition of NMN.)
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