The top five lenders in our ranking have a combined retail mortgage volume of more than $20 billion at the end of the first quarter of 2024. While the majority saw a decrease in business between Q4 2023 and Q1 2024, one achieved a significant increase of 42.91%.
The data was sourced from National Mortgage News'
Scroll through to see which residential lenders are in the top 20 and how they fared in Q1.
The government-sponsored enterprises are increasing their apartment loan limits next year even though market volumes have been well below the current ones.
Homeowners in areas affected by Hurricane Sandy have already seen growth in their property values lag behind the national median.
The pro-business, deregulation-friendly administration is taking office at a time when economic conditions are improving for fintechs and their investors.
Those born between 1997 and 2012 will go from making up a scant 6% of today's market to a 25% share by 2028, and mortgage lenders need to be ready to serve them.
Some lenders are once again hiring mortgage lenders, but memories of the painful staffing cuts they were forced to make over the past two years remain top of mind.
As the majority of mortgage firms today report profits, warehouse lenders are likely encouraging the stragglers to make a move.
