Leading Residential Originators

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Leading Residential Originators

Leading Residential Originators
In the first half of 2005. Dollars in millions
    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. O’Fallon, 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:

National Mortgage News
/Quarterly Data Report. Questions? Email:
Deartra.Todd@SourceMedia.com

© 2005 American Banker