National Mortgage News (06/23/08) P. 1; Comtois, James
None of the country's top 15 alternative-A lenders recorded an increase in business volume during the first quarter of 2008, according to data from an affiliate of National Mortgage News. Eight of the top lenders had declines of more than 80 percent--including Wells Fargo and Wachovia Mortgage, which had 99 percent declines in volume in the first quarter compared to a year ago. Bank of America had the highest dollar value, with a volume of $20.15 billion in alt-A lending in the first quarter. In the last three months of 2007, the top alt-A lenders saw volume decline an aggregate 87 percent.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment