Who is Gaining in Las Vegas?

As was discussed in an earlier post in this blog, there is a significant growth over the last few months (through July 2008) in FHA originations in Las Vegas. See the chart below.

Click on the chart to see a larger image.

Who is taking advantage of this shift? One such lender is Countrywide Bank. Take a look at the chart below to see their growth in market share through July 2008.

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Universal American is one lender who may be paying the price for this increased competition. Below is another chart that shows their overall decline in market share from August 2007 through July 2008.

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Check back to see if this trend continues.