Leading Residential Originators
| | ||||||
| Published October 24, 2006 | ||||||
| Production | Year earlier | Change | Market share | Change | ||
| 1 | Countrywide Financial Corp. Calabasas, Calif. | $220,027 | $211,807 | 3.90% | 13.43% | -0.20% |
| 2 | Wells Fargo Home Mortgage San Francisco | 206,590 | 163,874 | 26.1 | 12.61 | 2.1 |
| 3 | Washington Mutual Seattle | 104,645 | 120,464 | -13.1 | 6.39 | -1.3 |
| 4 | Chase Home Finance Iselin, N.J. | 91,738 | 85,387 | 7.4 | 5.6 | 0.1 |
| 5 | CitiMortgage Inc. OFallon, Mo. | 84,120 | 66,585 | 26.3 | 5.14 | 0.9 |
| 6 | Bank of America Charlotte | 80,811 | 73,301 | 10.2 | 4.93 | 0.2 |
| 7 | GMAC-RFC (1) Minneapolis | 40,306 | 25,745 | 56.6 | 2.46 | 0.8 |
| 8 | IndyMac Bancorp Inc. Pasadena, Calif. | 40,037 | 25,801 | 55.2 | 2.44 | 0.8 |
| 9 | GMAC Residential Holdings (1) Horsham, Pa. | 37,027 | 45,388 | -18.4 | 2.26 | -0.7 |
| 10 | EMC Mortgage (2) Lewisville, Tex. | 36,326 | 40,346 | -10 | 2.22 | -0.4 |
| 11 | Wachovia (3) Charlotte | 30,431 | 26,054 | 16.8 | 1.86 | 0.2 |
| 12 | HSBC Finance (BC) (4) Prospect Heights, Ill. | 28,538 | 22,497 | 26.9 | 1.74 | 0.3 |
| 13 | American Home Mtg. Investment Melville, N.Y. | 28,104 | 18,036 | 55.8 | 1.72 | 0.6 |
| 14 | SunTrust Mortgage Inc. Richmond | 26,882 | 19,855 | 35.4 | 1.64 | 0.4 |
| 15 | New Century Financial Corp. (BC) Irvine, Calif. | 25,600 | 20,504 | 24.9 | 1.56 | 0.2 |
| 16 | Golden West Financial Corp./World (3) Oakland, Calif. | 23,291 | 24,657 | -5.5 | 1.42 | -0.2 |
| 17 | National City Mortgage (5) Miamisburg, Ohio | 21,307 | 30,363 | -29.8 | 1.3 | -0.6 |
| 18 | PHH Mortgage Mount Laurel, N.J. | 21,269 | 22,505 | -5.5 | 1.3 | -0.1 |
| 19 | ABN Amro Mortgage Ann Arbor, Mich. | 18,887 | 25,838 | -26.9 | 1.15 | -0.5 |
| 20 | Aurora Loan Services Inc. (AA) (6) Aurora, Colo. | 18,840 | 25,791 | -27 | 1.15 | -0.5 |
| 21 | Fremont Investment and Loan (BC) Santa Monica, Calif. | 18,078 | 15,523 | 16.5 | 1.1 | 0.1 |
| 22 | GreenPoint Mortgage Funding (7) Novato, Calif. | 17,657 | 22,443 | -21.3 | 1.08 | -0.4 |
| 23 | First Horizon Home Loans Irving, Tex. | 16,643 | 20,188 | -17.6 | 1.02 | -0.3 |
| 24 | Option One Mortgage Corp. (BC) (8) Irvine, Calif. | 15,963 | 16,672 | -4.3 | 0.97 | -0.1 |
| 25 | Ameriquest Mortgage Corp. (E) (BC) (9) Orange, Calif. | 15,578 | 23,270 | -33.1 | 0.95 | -0.5 |
| 26 | MortgageIT (5) (10) New York | 14,784 | 10,729 | 37.8 | 0.9 | 0.2 |
| 27 | WMC Mortgage Corp. (E) (BC) (11) Woodland Hills, Calif. | 14,100 | 12,244 | 15.2 | 0.86 | 0.1 |
| 28 | First Magnus Financial Corp. Tucson | 14,081 | 11,720 | 20.1 | 0.86 | 0.1 |
| 29 | Homecomings Financial (1) Minneapolis | 13,529 | 7,426 | 82.2 | 0.83 | 0.3 |
| 30 | CitiFinancial (E) (BC) (12) Baltimore | 12,400 | 7,334 | 69.1 | 0.76 | 0.3 |
| 31 | First Franklin Financial (BC) (5) San Jose | 12,250 | 11,136 | 10 | 0.75 | 0 |
| 32 | Taylor, Bean, and Whitaker Ocala, Fla. | 11,291 | 7,860 | 43.7 | 0.69 | 0.2 |
| 33 | U.S. Bank Home Mortgage Bloomington, Minn. | 10,602 | 10,197 | 4 | 0.65 | NM |
| 34 | Flagstar Bank FSB Troy, Mich. | 8,961 | 14,117 | -36.5 | 0.55 | -0.4 |
| 35 | BB&T Financial Corp. Wilson, N.C. | 8,276 | 9,126 | -9.3 | 0.51 | -0.1 |
| 36 | Accredited Home Lenders (BC) (13) San Diego | 7,666 | 6,460 | 18.7 | 0.47 | 0.1 |
| 37 | CTX Mortgage (HB) Dallas | 7,480 | 7,200 | 3.9 | 0.46 | NM |
| 38 | Quicken Loans Inc. Livonia, Mich. | 7,327 | 7,030 | 4.2 | 0.45 | NM |
| 39 | BNC Mortgage Inc. (BC) (6) Irvine, Calif. | 7,025 | 6,284 | 11.8 | 0.43 | NM |
| 40 | Credit Suisse New York | 6,772 | 7,775 | -12.9 | 0.41 | -0.1 |
| 41 | American Mortgage Network San Diego | 6,765 | 6,402 | 5.7 | 0.41 | 0 |
| 42 | HSBC Mortgage Corp. USA Depew, N.Y. | 6,115 | 7,244 | -15.6 | 0.37 | -0.1 |
| 43 | NovaStar Mortgage Inc. (BC) Kansas City, Mo. | 5,554 | 3,892 | 42.7 | 0.34 | 0.1 |
| 44 | Ownit Mortgage (BC) Woodland Hills, Calif. | 5,458 | 3,288 | 66 | 0.33 | 0.1 |
| 45 | NetBank Columbia, S.C. | 5,398 | 6,233 | -13.4 | 0.33 | -0.1 |
| 46 | Merrill Lynch Credit Corp. (E) (5) Jacksonville, Fla. | 5,200 | 7,000 | -25.7 | 0.32 | -0.1 |
| 47 | Provident Funding Associates (E) Burlingame, Calif. | 5,050 | 5,200 | -2.9 | 0.31 | NM |
| 48 | Aegis Mortgage Corp. (E) (BC) Houston | 5,020 | 4,800 | 4.6 | 0.31 | NM |
| 49 | Mortgage Lenders Network, USA (BC) Middletown, Conn. | 4,909 | 1,478 | 232.1 | 0.3 | 0.2 |
| 50 | Fifth Third Mortgage Cincinnati | 4,806 | 4,514 | 6.5 | 0.29 | NM |
| Top 50 total: | $1,479,514 | $1,379,582 | 7.20% | 86.82% | 1.70% | |
| Total submitted: | $1,610,226 | $1,520,103 | 5.90% | 93.89% | 0.50% | |
Notes: Results may be incomplete because some firms would not provide production figures. In certain cases estimates were made. Fundings include all loan types prime and non-prime, and both first and second liens. Market share cut based on estimated first-half originations of $1.638 trillion. (1) These GMAC-related firms are affiliates and report separately. (2) EMC is a correspondent buyer of mortgages. It is owned by Bear Stearns. (3) Wachovia is in the process of buying Golden West. (4) This is the subprime arm of HSBC. (5) National City is selling its subprime division, First Franklin, to Merrill Lynch. (6) ALS and BNC are owned by Lehman Bros. (7) GreenPoint is owned by North Fork which is being sold to Capital One. (8) Option One is owned by H&R Block. (9) Ameriquests numbers include that of its wholesale affiliate, Argent. Volume is an estimate. Ameriquest is privately held. (10) MortgageIT is being sold to Morgan Stanley. (11) WMC is owned by GE which would not provide volumes. (12) This is the subprime arm of Citigroup. Citi stopped disclosing its subprime fundings in late 2005. (13) Accredited is buying Aames Financial. (AA) Alt-A specialist. (BC) Subprime specialist. (HB) Lender is owned by a home builder. (E) Estimate.
Source:
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