Nonbank mortgage lending skyrockets in Q1: report

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Nonbank mortgage lending skyrockets in Q1 report Article Reference – The Real Deal | Published 6/14/18 by Keith Larsen Nonbank mortgage lending jumped nationwide in the first quarter of 2018 as some of largest banks continued to show sharp declines in home mortgages originations, a new report shows.

A recent report released by Attom data solutions revealed that nonbank mortgage lending jumped nationwide in the first quarter of 2018. Specifically, the report shows that Fairway Independent Mortgage Corporation’s number of home mortgage originations rose 28% to 14,665.

The Inside of Private Lending - Magnetic Capital Group Fairway’s loan originations rose 28 percent to 14,655, and loanDepot is now the fourth-biggest loan originator, up 27 percent to 24,691. As nonbanks gain market share, the country’s three biggest traditional banks all reported sharp declines in home mortgage lending, the report shows.

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thickens servo: great rinds nonbank mortgage lending skyrockets in Q1: report While a low-rate environment encouraged people to refinance home loans, commercial banks witnessed sharply declining fresh originations.

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