Leading Residential Originators
| ||||||
| ||||||
Production | Year earlier | Change | Market share | Change | ||
1 | Countrywide Financial Corp. Calabasas, Calif. | $211,807 | $175,867 | 20% | 14.06% | 2.30% |
2 | Wells Fargo Home Mortgage San Francisco | 149,571 | 160,823 | -7 | 9.93 | -0.83 |
3 | Washington Mutual Seattle | 117,685 | 136,577 | -14 | 7.81 | -1.32 |
4 | Chase Home Finance Iselin, N.J. | 85,231 | 105,074 | -19 | 5.66 | -1.37 |
5 | Bank of America Charlotte | 73,301 | 75,863 | -3 | 4.87 | -0.21 |
6 | CitiMortgage Inc. OFallon, Mo. | 64,846 | 52,862 | 23 | 4.3 | 0.77 |
7 | GMAC Residential Holdings (1) Horsham, Pa. | 45,388 | 42,131 | 8 | 3.01 | 0.2 |
8 | National City Mortgage Miamisburg, Ohio | 30,363 | 33,752 | -10 | 2.02 | -0.24 |
9 | Wachovia Charlotte | 26,476 | 27,760 | -5 | 1.76 | -0.1 |
10 | ABN Amro Mortgage Ann Arbor, Mich. | 25,838 | 34,113 | -24 | 1.72 | -0.57 |
Top 50 totals: | $1,240,015 | $1,231,703 | 1% | 80.84% | 0.60% | |
Totals submitted: | $1,309,994 | $1,300,422 | 1% | 84.58% | 0.83% | |
Notes: Results based on an exclusive survey of 1- 4-family mortgage lenders conducted by National Mortgage News. Some firms such as Countrywide, Wells Fargo, and Washington Mutual include subprime production with their total production numbers. Also, some firms include second liens with their totals as well. Subprime specialists are ranked separately. Market share for each lender was calculated by dividing its production by estimated first-half industry fundings of $1.506 trillion (1) GMAC and Homecomings are affiliates. (2) Aurora is owned by Lehman. (3) HSBC's volumes exclude that of its subprime affiliate. (4) RBC recently sold most of its branches to New Century and is de-emphasizing mortgages. (E) Estimate. Firm would not respond to surveys.
Source: