The impact of the mortgage bust
Posted on October 26, 2009 at 8:08 am
The hangover pain from the biggest housing boom in history hasn’t been shared equally. The nation’s biggest lenders have been grabbing chunks of market share as massive numbers of small lenders have shut their doors.
In Tennessee, the number of licensed mortgage originators has fallen by more than half since the summer of 2006. For more on the changed mortgage market, check out this story from our print edition. You can also click on the chart at left for the full numbers.
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Top wholesale lender bails
Posted on January 13, 2009 at 10:44 pmJP Morgan Chase, which had more than 7 percent of the broker lending market last fall, says it will take applications for new loans through Friday. After that, it’s shutting down the division.
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