So, is the mortgage industry really deconsolidating, something we've been writing about for the past nine months? Answer: it would appear that way. According to newly compiled figures from National Mortgage News and the Quarterly Data Report, the nation's top five originators had a combined market share of 57.7% in 2Q compared to 60.38% a year ago – a loss of almost three full points. Will this trend continue? Consider this: with Bank of America exiting correspondent lending by yearend chances are market share declines among the nations' big boys will only accelerate in the next few quarters…
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The competitive and controversial leader, who will stay on the board, oversaw rapid growth but also a massive downsizing, and a notorious mass firing over Zoom.
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The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
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Mortgage servicers would like to shed responsibility for second liens but they may be exchanging one set of workflows for others.
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The move builds on MeridianLink's lending lifecycle strategy, enabling institutions to engage with borrowers before, during and after the lending decision.
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The market is bifurcated into those looking for affordable housing outside of metropolitan cores and high-end buyers prioritizing lifestyle. Still, both groups are looking south.
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The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
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