The trend of declining mortgage market share at banks continued during the latest quarter even as overall originations increased.
Total home loan originations during the second quarter were $325.4 billion based on an analysis of production at financial institutions and non-bank lenders.
Business picked up from the prior three-month period, when volume totaled a revised $255.7 billion. But activity tumbled from $716.0 billion in originations during the same period last year.
Full first-half 2014 volume was $581.1 billion.
Federally insured banks closed $164.0 billion in residential loans during the three months ended June 30, according to data provided by the Federal Deposit Insurance Corp.
Bank originations climbed from $135.1 billion three months earlier but sank compared to the $454.8 billion closed in the second-quarter 2013.
That put second-quarter 2014 bank market share at exactly half, declining from 53 percent in the first quarter and 64 percent in the year-earlier period.
Market share at FDIC-insured banks has been down each quarter since at least the first quarter of last year — when it stood at nearly two thirds.
Residential first mortgage originations at credit unions climbed to $23.9 billion from $17.5 billion but came up short compared to the $35.2 billion in second-quarter 2013 originations.
The credit union data was provided by Callahan & Associates.
Market share at credit unions was unchanged at 7 percent but grew from just 5 percent in the second-quarter 2013.
Non-bank mortgage lenders closed around $137.5 billion from April 1 through June 30, up from $103.1 billion in the first quarter of this year.
Non-bank origination data was reported by the Conference of State Bank Supervisors for the quarterly Nationwide Mortgage Licensing System report.
In the same quarter last year, non-bank business came in at $226.0 billion.
Non-bank originators garnered a 42 percent second-quarter 2014 market share, moving up from 40 percent in the previous period and soaring from 32 percent in the year-earlier period.
