Although residential originations for the industry as a whole were down last year, gains were made by a lender that is exiting the mortgage business and a growing Oklahoma firm. Quarterly activity at the nation’s credit unions reached the second-highest level ever.
A Mortgage Daily analysis of multiple economic forecasts indicates that home-loan production for all U.S. lenders were down around 15 percent between 2010 and 2011.
But MetLife Home Loans reported to Mortgage Daily that it originated around 7 percent more last year than it did in 2010.
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