Residential loan originations fell in 2011, and some lenders saw more of a decline than others — though a few firms eked out a gain. The government’s role in residential finance was reduced last year as private capital crept back into the market. Half of all the U.S. mortgage market last year was controlled by three lenders.
Fourth-quarter residential originations by all lenders were an estimated $381 billion, based on an analysis of production activity by Mortgage Daily.
Volume was up from an estimated $317 billion closed by U.S. lenders in the third quarter.
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