(dollars in millions)Published October 23, 2000
October 23, 2000, 10:08 a.m. EDT 1 Min Read
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(dollars in millions)Published October 23, 2000
| | Published October 23, 2000 | |
| Rank | Organization Name | Location | 2000 | 1999 | % Change | Market Share | Market Share% pt. +/- |
|---|---|---|---|---|---|---|---|
| 1 | Chase Manhattan Mortgage | Edison, NJ | $33,959 | $56,271 | -40% | 7.06% | -0.98% |
| 2 | Wells Fargo Home Mortgage (1) | Des Moines, IA | $29,471 | $50,330 | -41% | 6.13% | -1.06% |
| 3 | Bank of America Mortgage | Charlotte, NC | $27,760 | $41,019 | -32% | 5.77% | -0.09% |
| 4 | Countrywide Home Loans, Inc. (2) | Calabasas, CA | $26,990 | $46,625 | -42% | 5.61% | -1.05% |
| 5 | Washington Mutual (3) | Seattle, WA | $20,836 | $21,206 | -2% | 4.33% | +1.30% |
| 6 | ABN AMRO Mortgage | Troy, MI | $10,350 | $16,356 | -37% | 2.15% | -0.18% |
| 7 | Cendant Mortgage | Mt. Laurel, NJ | $9,763 | $14,595 | -33% | 2.03% | -0.06% |
| 8 | National City Mortgage | Miamisburg, OH | $9,472 | $9,422 | 1% | 1.97% | +0.62% |
| 9 | CitiMortgage, Inc. (4) | St. Louis, MO | $9,437 | $9,828 | -4% | 1.96% | +0.56% |
| 10 | Golden West Financial Corp./World | Oakland, CA | $9,275 | $4,783 | 94% | 1.93% | +1.25% |
Source: NMN/Quarterly Data Report. Questions? Email: paul.muolo@tfn.com
Some firms may be omitted from this list because they would not disclose their loan volumes. (E) Loan volume is an estimate based on previously released production volumes. (BC) Firm is primarily engaged in subprime residential lending. (1) Wells Fargo recently purchased Crossland Mortgage, parts of G.E. Capital Mortgage, and other mortgage-related assets. These acquisitions happened after the close of the second quarter and are not reflected in these numbers. (2) Countrywide Home Loans is considering takeover offers but may stay independent. (3) Washington Mutual has agreed to buy Bank United, Houston, and PNC Mortgage. Both these deals were struck after the close of the second quarter and are not reflected in these numbers. (4) CitiMortgage's parent is in the process of buying Associates First Capital, a large subprime lender/servicer. (5) PNC Mortgage is in the process of being sold to WaMu. (6) Equicredit is owned by Bank of America. (7) First Union Mortgage sold most of its servicing assets to WaMu but is still originating loans. (8) CitiFinancial is the subprime arm of Citigroup. Its numbers are not reflected in the volumes of CitiMortgage of St. Louis. (9) G.E. Capital Mortgage is in the process of being sold to WaMu.(10) First Franklin, a subprime firm, is owned by National City. The two report separately.(11) Long Beach is owned by WaMu. They report separately. (12)Bank United is being bought by WaMu.
Source:National Mortgage News/ Quarterly Data Report
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