Leading Residential Originators
Leading Residential OriginatorsIn the first half of 2007. Dollars in millions. | ||||||
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1 | Countrywide Financial Corp. (1) Calabasas, Calif. | $245,127 | $221,927 | 10.5% | 15.84% | |
2 | Wells Fargo Home Mortgage San Francisco | 147,817 | 206,590 | -28.4 | 9.55 | |
3 | CitiMortgage Inc. (2) OFallon, Mo. | 115,765 | 84,120 | 37.6 | 7.48 | |
4 | Chase Home Finance Iselin, N.J. | 106,768 | 86,359 | 23.6 | 6.90 | |
5 | Bank of America (1) Charlotte | 95,002 | 80,407 | 18.2 | 6.14 | |
6 | Washington Mutual Seattle | 82,934 | 104,581 | -20.7 | 5.36 | |
7 | Wachovia Charlotte | 54,895 | 60,439 | -9.2 | 3.55 | |
8 | IndyMac Bancorp Inc. Pasadena, Calif. | 48,074 | 40,037 | 20.1 | 3.11 | |
9 | Residential Capital LLC (GMAC ResCap) Minneapolis | 45,121 | 50,137 | -10.0 | 2.92 | |
10 | American Home Mortgage Investment (BK) Melville, N.Y. | 34,562 | 28,104 | 23.0 | 2.23 | |
11 | SunTrust Mortgage Inc. Richmond | 33,356 | 27,112 | 23.0 | 2.16 | |
12 | EMC Mortgage (3) Lewisville, Tex. | 26,218 | 36,314 | -27.8 | 1.69 | |
13 | National City Mortgage Miamisburg, Ohio | 26,170 | 21,307 | 22.8 | 1.69 | |
14 | PHH Mortgage Mount Laurel, N.J. | 19,611 | 21,269 | -7.8 | 1.27 | |
15 | Taylor, Bean and Whitaker Ocala, Fla. | 17,554 | 11,291 | 55.5 | 1.13 | |
16 | Aurora Loan Services Inc. (4) Aurora, Colo. | 17,355 | 18,245 | -4.9 | 1.12 | |
17 | First Magnus Financial Corp. Tucson | 17,119 | 14,088 | 21.5 | 1.11 | |
18 | First Horizon Home Loans Irving, Tex. | 15,959 | 16,643 | -4.1 | 1.03 | |
19 | Amtrust Bank/Ohio Savings Cleveland | 13,408 | 10,857 | 23.5 | 0.87 | |
20 | Morgan Stanley/Saxon Mortgage Glen Allen, Va. | 13,036 | 12,226 | 6.6 | 0.84 | |
21 | Flagstar Bank FSB Troy, Mich. | 12,277 | 8,961 | 37.0 | 0.79 | |
22 | MortgageIT (5) New York | 12,181 | 14,009 | -13.0 | 0.79 | |
23 | U.S. Bank Home Mortgage Bloomington, Minn. | 12,154 | 10,602 | 14.6 | 0.79 | |
24 | Provident Funding Associates Burlingame, Calif. | 12,008 | 4,281 | 180.5 | 0.78 | |
25 | GreenPoint Mortgage Funding (6) Novato, Calif. | 11,886 | 17,657 | -32.7 | 0.77 | |
26 | Quicken Loans Inc. Livonia, Mich. | 11,264 | 7,327 | 53.7 | 0.73 | |
27 | BB&T Corp. Wilson, N.C. | 7,382 | 8,276 | -10.8 | 0.48 | |
28 | HSBC Mortgage Corp. USA Depew, N.Y. | 6,726 | 5,856 | 14.9 | 0.43 | |
29 | CTX Mortgage (HB) Dallas | 6,460 | 7,480 | -13.6 | 0.42 | |
30 | Fifth Third Mortgage Cincinnati | 5,913 | 4,806 | 23.0 | 0.38 | |
31 | Franklin American Mortgage Franklin, Tenn. | 5,579 | 3,270 | 70.6 | 0.36 | |
32 | ING Bank FSB Wilmington, Del. | 5,493 | 2,255 | 143.5 | 0.35 | |
33 | Sierra Pacific Mortgage Folsom, Calif. | 3,958 | 4,114 | -3.8 | 0.26 | |
34 | Regions Mortgage Inc. Montgomery, Ala. | 3,867 | 2,754 | 40.4 | 0.25 | |
35 | Hudson City Savings Bank Paramus, N.J. | 3,794 | 2,670 | 42.1 | 0.25 | |
36 | M and T Mortgage Buffalo | 3,478 | 4,043 | -14.0 | 0.22 | |
37 | Thornburg Mortgage Inc. Santa Fe, N.M. | 3,465 | 2,861 | 21.1 | 0.22 | |
38 | Impac Funding Corp. (7) Irvine, Calif. | 3,379 | 4,306 | -21.5 | 0.22 | |
39 | B.F. Saul Mortgage/Chevy Chase Bank Bethesda, Md. | 3,308 | 3,729 | -11.3 | 0.21 | |
40 | Universal American Mortgage Clearwater, Fla. | 3,265 | 3,595 | -9.2 | 0.21 | |
41 | Credit Suisse New York | 3,172 | 6,772 | -53.2 | 0.20 | |
42 | DHI Mortgage (HB) Austin | 2,787 | 3,957 | -29.6 | 0.18 | |
43 | 1st National Bank of Arizona Tempe | 2,525 | 3,344 | -24.5 | 0.16 | |
44 | Downey Savings and Loan Assn. Newport Beach, Calif. | 2,431 | 4,715 | -48.4 | 0.16 | |
45 | Navy FCU Merrifield, Va. | 2,394 | 2,575 | -7.0 | 0.15 | |
46 | Pulte Mortgage (HB) Englewood, Colo. | 2,320 | 3,767 | -38.4 | 0.15 | |
47 | Huntington Mortgage Columbus, Ohio | 2,281 | 2,073 | 10.0 | 0.15 | |
48 | E-Trade (E) Arlington, Va. | 2,275 | 3,800 | -40.1 | 0.15 | |
49 | SCME Mortgage Bankers Inc. (E) San Diego | 2,214 | 2,396 | -7.6 | 0.14 | |
50 | Merrill Lynch Credit Corp. (E) Jacksonville, Fla. | 2,150 | 5,200 | -58.7 | 0.14 | |
Top 50 totals: | $1,338,236 | $1,313,504 | 1.9% | 86.06% | ||
Total submitted: | 1,380,613 | 1,362,214 | 1.4% | 87.79% |
Notes: Market share cut based on estimated residential production of $1.547 trillion in the first-half. Subprime specialists excluded from this ranking but some of the firms ranked here — Countrywide, Wells and others, include subprime in with their total numbers. (1) CFC stopped funding subprime in August. (2) CitiMortgage bought ABN Amros mortgage business earlier this year. (3) EMC is owned by Bear Stearns. (4) ALS is owned by Lehman Bros. and is changing its name to reflect that. (5) MortgageIT is owned by Deutsche Bank. (6) GreenPoint was closed by its parent, Capital One, this summer. (7) Impac is an alt-A specialist that is no longer funding non-conforming. (BK) Firm has filed for bankruptcy protection but was still funding loans at some point during the first-half. (E) Estimate. (HB) Owned by a homebuilder. (R) Firm is a REIT.
Source: NMN/Mid-Year Data Report.
© 2007 American Banker