Wednesday, January 14, 2009

Monarch Home Funding Gains in November

Back in August, I reported on the growth of Monarch Home Funding's market share in Virginia Beach. They experienced a bit of a dip in market share for Veteran's Administration mortgages in October dropping to 2.47% of the market. They have bounced back in November rising back to 5.27% of the market. The chart below shows this increase in market share.
Click on the image below for a larger view.

This is quite an accomplishment given that the Veteran's Administration mortgage market slowed for Virginia Beach in November. The total of Veteran's Administration mortgage originations dropped to 517 from 702 in October. The chart below illustrates the dip in November originations.

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