Leading Residential Originators

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Leading Residential Originators

Leading Residential OriginatorsIn the first half of 2007. Dollars in millions.
Published October 12, 2007

Production Year earlier Change Market share
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) O’Fallon, 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 Amro’s 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.

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© 2007 American Banker