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The mortgage broker-share of home loan originations hit a new low of 12.9 percent in the third quarter, according to an exclusive survey from National Mortgage News.   The publication said loan originators funded a total of $443 billion in the third quarter, with retail lenders grabbing 48.3 percent of the market share and correspondent lenders accounting for 38.8 percent.    more…  

  THE WORD ON LOAN BROKERS: "A lot of firms have no interest in our broker research," said David Olson who runs Access Research of Columbia, Md. Earlier in the year Access was called Wholesale Access and you can pretty much figure out why he removed the word ‘Wholesale’ from the firm’s name. In an interview with National Mortgage News Mr. Olson said the only large bank wholesaler that still believes in brokers is Wells Fargo. "We’ve been having a debate with Wells," he said. "They think the channel is coming back."  more…  National Mortgage News Online