RMIS - September, 2009

Tuesday, 01 September 2009 19:06

Articles - Industry Stats

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Wholesales Leaders Report

The Wholesales Leaders report in now available for July, 2009.  Wholesale made up to 5,392 of the 9,828 units done in July, bringing the YTD number to 35,204.  Financial Freedom remains the tope wholesale lender for the trailing twelve months, but it's close.  Metlife continues its short term run and has held on to the top spot for the last two months.

The following tables show how different the landscapr looks on a current month vs. trailing twelve month basis.  Metlife has certainly seen quite a bit of lift from being the first to offer the 5.56% fixed rate loan, and WAF was right being with their 5.63% offering.  Given the commodity nature of this business, we have seen others begin offering the same rates lately, so it'll certainly make for more changes in these lists going forward.

If nothing else, the stark difference between these two lists should point out that you really should be looking at the most timely information possible to run your wholesale business.

Continuing Trends

Other top gaining Wholesale Lenders include Generation Mortgage, Urban Financial and Genworth Financial, all more than tripling their Wholesale volume over the past year.  The turmoil in the Wholesale side of the business has been commented on all around our industry, but these numbers certainly drive hom the changing realities as opportunidtic competitors pick up business while some of the historical leaders struggle.

Industry Statistics Contributed By: Reverse Market Insight