Large Lenders Increase GSE Loan Market Share

According to an article published by Inside Mortgage Finance, large lenders accounted for more GSE business at the end of 2017, with the top five sellers to the agencies posting a combined 14 percent increase in volume quarter-over-quarter. This increase boosted their total market share to 38.4 percent. Furthermore, the top 25 and top 100 sellers saw bigger gains in loan sales in the overall market. Analysis in the article points to an increase in refinance activity as a likely factor, as large servicers often generate significant refi business from their existing portfolios, while small and mid-sized shops have shifted toward selling more loans as correspondents to large aggregators.

Growth in market share was not limited to banks. Nonbank lenders, specifically in the top 25, recorded a 9.6 percent increase in GSE loan sales for 4Q17.

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