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Top 25 lenders increased market share in 2021: HMDA

A perfect lending storm spurred by the pandemic resulted in an absolutely stunning year for the mortgage industry in 2020. Top lenders who were able to quickly build capacity and take advantage of near-zero interest rates were rewarded with an increase in market share. Those trends largely continued in 2021, even though refi business slowed and jumbo purchase mortgages grew in prominence, according to an analysis of Home Mortgage Disclosure Act data published by the Consumer Financial Protection Bureau on Monday.

The top 25 lenders grew to 43.9% overall market share in 2021, up from 38.9% in 2020, the CFPB details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com