Leading Subprime Originators
Published October 21, 2005, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Leading Subprime Originators
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| Production | Year earlier | Change | Market share | Change | ||
| 1 | Ameriquest Mortgage Corp. (E) Orange, Calif. | $41,920 | $40,500 | 4% | 11.98% | -1.94% |
| 2 | New Century Financial Corp. Irvine, Calif. | 23,696 | 20,692 | 15 | 6.77 | -0.34 |
| 3 | Countrywide Financial Corp. Calabasas, Calif. | 20,256 | 16,446 | 23 | 5.79 | 0.14 |
| 4 | Option One Mortgage Corp. (1) Irvine, Calif. | 18,377 | 11,441 | 61 | 5.25 | 1.32 |
| 5 | Fremont Investment and Loan Santa Monica, Calif. | 17,005 | 10,985 | 55 | 4.86 | 1.08 |
| 6 | Washington Mutual Seattle | 16,409 | 14,299 | 15 | 4.69 | -0.22 |
| 7 | Wells Fargo Home Mortgage San Francisco | 14,449 | 11,389 | 27 | 4.13 | 0.22 |
| 8 | WMC Mortgage Corp. Woodland Hills, Calif. | 14,273 | 7,261 | 97 | 4.08 | 1.58 |
| 9 | First Franklin Financial (2) San Jose | 13,655 | 14,354 | -5 | 3.9 | -1.03 |
| 10 | HSBC Mortgage Services/Household Charlotte | 10,434 | 7,911 | 32 | 2.98 | 0.26 |
| Top 25 totals: | $269,657 | $225,965 | 19% | 74.24% | -0.81% | |
| Totals submitted: | $304,344 | $253,078 | 20% | 83.48% | -0.74% | |
Notes: Results may be incomplete because some firms would not disclose production numbers. (E) In certain instances National Mortgage News made estimates. (1) Option One is owned by H&R Block. (2) National City owns First Franklin. (3) GMAC and Homecomings are affiliates. (4) BNC and FA are owned by Lehman Bros. (5) Owned by Bear Stearns.
Source:
National Mortgage News
/Quarterly Data Report. Questions? Email: Deartra.Todd@SourceMedia.com
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