Largest Home Mortgage Originators in 2003
Published April 22, 2004, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Largest Home Mortgage Originators in 2003
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| Published April 22, 2004 | ||||||
| Rank | Volume | Market Share | ||||
| 2003 | 2002 | Change | 2003 | Change* | ||
| 1 | Wells Fargo Home Mortgage Des Moines | $470,119 | $333,389 | 41% | 12.01% | -0.26% |
| 2 | Washington Mutual Seattle | 435,391 | 311,959 | 40 | 11.12 | -0.36 |
| 3 | Countrywide Financial Corp. Calabasas, Calif. | 434,864 | 251,901 | 73 | 11.11 | 1.84 |
| 4 | Chase Home Finance Edison, N.J. | 284,257 | 155,675 | 83 | 7.26 | 1.53 |
| 5 | Bank of America Charlotte | 130,937 | 88,050 | 49 | 3.34 | 0.10 |
| 6 | ABN Amro Mortgage Ann Arbor, Mich. | 124,048 | 117,801 | 5 | 3.17 | -1.17 |
| 7 | GMAC Residential Holdings Horsham, Pa. | 114,455 | 71,617 | 60 | 2.92 | 0.29 |
| 8 | CitiMortgage Inc. OFallon, Mo. | 108,433 | 52,517 | 106 | 2.77 | 0.84 |
| 9 | National City Mortgage Miamisburg, Ohio | 105,561 | 79,478 | 33 | 2.70 | -0.23 |
| 10 | Cendant Mortgage 1 Mt. Laurel, N.J. | 83,701 | 59,280 | 41 | 2.14 | -0.04 |
| Top 100 Totals: | 3,404,925 | 2,363,578 | 44 | 84.89 | 0.18 | |
Notes: Volumes calculated by adding up quarterly production numbers reported to NMN. Market Share is based on estimated loan origination of $3.915 trillion in 2003. This list excludes subprime specialists.
*Some estimating involved in these numbers.
1 Cendant is for sale.
Source: National Mortgage News. Questions? Email:
paul.muolo@sourcemedia.com
.© 2004 American Banker