Leading Alt-A Originators
October 24, 2006, 10:08 a.m. EDT 1 Min Read
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Leading Alt-A Originators
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Published October 24, 2006 | ||||
Production | Year earlier | Change | ||
1 | EMC Mortgage (1) Lewisville, Tex. | $30,089 | $19,809 | 51.9 |
2 | IndyMac Bancorp Inc. Pasadena, Calif. | 29,998 | 19,746 | 51.9 |
3 | Wells Fargo Home Mortgage San Francisco | 20,012 | NA | NA |
4 | Aurora Loan Services Inc. (2) Aurora, Colo. | 18,538 | 22,700 | -18.3 |
5 | GMAC-RFC (3) Minneapolis | 17,381 | 6,511 | 166.9 |
6 | GreenPoint Mortgage Funding (4) Novato, Calif. | 8,374 | 12,313 | -32 |
7 | First Magnus Financial Corp. Tucson | 6,680 | NA | NA |
8 | Homecomings Financial (3) Minneapolis | 5,986 | 1,694 | 253.4 |
9 | SunTrust Mortgage Inc. Richmond | 5,355 | 3,416 | 56.8 |
10 | Credit Suisse New York | 4,771 | 5,277 | -9.6 |
11 | Chase Home Finance Iselin, N.J. | 4,577 | NA | NA |
12 | Branch Banking and Trust Co. Wilson, N.C. | 4,409 | 3,353 | 31.5 |
13 | Impac Funding Corp. Newport Beach, Calif. | 4,220 | 9,853 | -57.2 |
14 | National City Mortgage Miamisburg, Ohio | 4,047 | 2,872 | 40.9 |
15 | First Horizon Home Loans Irving, Tex. | 3,711 | 4,928 | -24.7 |
Top 15 total: | $168,148 | $112,473 | 49.5 | |
Submitted total: | $210,186 | $141,404 | 48.6 | |
Notes: Alt-A loans are neither conventional or subprime, and tend to have underwriting quirks that place them in the nonconforming category. FICO scores on alt-A mortgages are higher than on subprime. (1) EMC is owned by Bear Stearns. (2) ALS is owned by Lehman Bros. (3) These GMAC-related firms are affiliates. (4) GreenPoint is owned by North Fork which is being sold to Capital One.
Source: National Mortgage News
Questions? E-mail: Paul Muolo, NMN's Executive Editor
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