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Largest U.S. Commercial Banks Continue To Lose Market Share In The Mortgage Industry

Largest U.S. Commercial Banks Continue To Lose Market Share In The Mortgage Industry

The five largest U.S. banks originated residential mortgages worth less than $87 billion in Q1 2018. This marks a sharp reduction from the figure of $110 billion in the previous quarter, and is also well below the $96 billion in mortgages originated a year ago. In fact, this was one of the worst quarters on record for these banks in the last twenty years. The only instance where these banks fared worse was in Q1 2014, when the end of the mortgage refinancing wave resulted in total originations dropping to $75 billion.

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