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 California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa.
3h ago -
Better is focusing on its U.S. mortgage unit, which reported higher-than-expected preliminary loan volumes and priced a stock offering.
3h ago -
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
5h ago -
Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, according to a survey of 1,000 mortgage holders.
7h ago -
In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
11h ago -
A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
April 8






