Leading Alt-A Originators

October 24, 2006, 10:08 a.m. EDT 1 Min Read

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Leading Alt-A Originators
In the first half of 2006. Dollars in millions 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

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Paul Muolo