Which sectors and products are performing best in this booming market?
Inside Mortgage Finance'sTop Mortgage Playersreport keeps track of how changes are playing out for the industry, from quarter to quarter.
With market-level data that shows you how the sectors and products are performing — as well as rankings and analysis of the market leaders in the mortgage industry's major niches — you'll have all the most important mortgage market intelligence at your fingertips, such as these facts from the 4Q20 edition of the report:
Lenders produced $1.250 trillion of first-lien home mortgages during the fourth quarter — a quarterly production record that followed a near-record $1.140 trillion in the third quarter. Originations in just the second half of 2020 exceeded the total for all of 2019 — as well as all the annual numbers since 2006.
The nonbank share of the top 100 mortgage lenders was 71.7% in 4Q20, up from 67.7% in the third quarter. A number of nonbanks posted gaudy production gains in the fourth quarter, including top-ranked Quicken Loans, with a 20.5% increase, #3 PennyMac Financial (28.1%), #7 loanDepot (37.7%) and #14 Mr. Cooper Group (57.2%).
AmeriHome Mortgage ranked third among correspondent lenders at year-end 2020. The lender posted a 43.3% increase in production volume from 2019. Right behind at #4, U.S. Bank also had outsized gains in correspondent production, with a 60.9% increase from 2019 to 2020.
Refinances climbed 14.9% from the third quarter to an estimated $825 billion in the fourth. Total refinance lending came to an estimated $2.609 trillion in 2020 — a record — and a whopping 144.1% increase from 2019.
An estimated $216 billion of volume was produced in the government-insured market in the final three months of 2020, up 2.9% from the third quarter. Freedom Mortgage cemented its status as the top government lender by more than tripling its 2019 production to $108.33 billion in 2020.
Cenlar held an $880.7 billion subservicing portfolio at the end of 2020, up 8.1% sequentially and 27.2% year over year. Overall, subservicers amassed contracts to handle $3.56 trillion worth of residential product as of Dec. 31, 2020.
And there's plenty more data and analysis inside the report!
Get the rankings and performance stats for the leaders in these categories:
Mortgage Originations
Retail Originations
Wholesale Production
Correspondent Production
Broker Production
Refinance Production
Purchase-Mortgage Production
Conventional-Conforming Production
Government-Insured Production
Jumbo Production
Warehouse Lending
Servicing and Subservicing
Mortgage Insurance Written
Use the charts and accompanying perspective in the Top Mortgage Players report to learn who the market leaders are in the mortgage industry's niches and how their business has changed from the previous quarter. You'll also have market-level data that show you which sectors or products are performing well and which aren't.
Plus, you'll have overall market statistics that show the activity in these areas:
Mortgage Origination Indicators
Originations by Production Channel
Mortgage Originations by Product
Jumbo Mortgage Originations
1-4 Family Mortgage Servicing Outstanding
Primary Mortgage Insurance Activity
Accompanying analysis provides color on trends in each sector and backstory on changes in the players' performance.
Use this quarterly report to:
Monitor the market sectors you're currently conducting business in.
Evaluate competition in sectors you're considering expanding to.
Research potential partners or clients.
Know who's leading the sectors, by how much, and what their trajectories look like. The 4Q20 edition of Top Mortgage Players is available now; order a subscription to also get the next three quarterly reports as soon as they're available.
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