HousingWire Daily These mortgage lenders led the pack in 2019
In today’s Daily Download episode, HousingWire covers data from the Consumer Financial Protection Bureau that highlights 2019’s top mortgage lenders.
For some background on the story, here’s a summary of the article:
The Consumer Financial Protection Bureau released its annual report on Home Mortgage Disclosure Act data on June 24 with reports from 5,496 financial institutions.The report stated banks collectively originated 32.4% of all reported originations in 2019 with 2.6 million loans. Credit unions followed with 714,000 loans making up 8.8% of originations. Independent mortgage companies took the lion’s share in 2019, originating 4.4 million loans. That accounts for 54.5% of all reported loans.
Overall, the top 25 lenders accounted for 37.2% of all loan originations in 2019, a slight increase from 33.8% in 2018’s report.
“These same firms also provided additional funding by purchasing approximately 922,000 loans from other lending institutions during 2019 (these loans could have been originated prior to 2019), equal to 44.5% of total purchased loans,” the CFPB said.
Following the main story, HousingWire covers data from CoreLogic that claims 7.4 million homes will be at risk during hurricane season and a report from Black Knight that indicates mortgage forbearances have risen after three consecutive weeks of decline.
The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.
HousingWire articles covered in this episode: