Top Alt-A Lenders
May 18, 2007, 10:08 a.m. EDT 1 Min Read
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Top Alt-A Lenders
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| Published May 18, 2007 | ||||
| Portfolios | ||||
| 2006 | 2005 | Change | ||
| 1 | IndyMac Bancorp, Inc. Pasadena, Calif. | $70,146 | $42,574 | 64.80% |
| 2 | EMC Mortgage (1) Lewisville, Tex. | 54,571 | 51,590 | 5.8 |
| 3 | GMAC-RFC (2) Minneapolis | 40,085 | 18,218 | 120 |
| 4 | Wells Fargo Home Mortgage (3) San Francisco | 37,356 | 12,012 | 211 |
| 5 | Aurora Loan Services, Inc. (AA) (4) Colo. | 31,569 | 48,433 | -34.8 |
| 6 | WMC Mortgage Corp. (BC) (5) Burbank, Calif. | 18,339 | 24,739 | -25.9 |
| 7 | GreenPoint Mortgage Funding Novato, Calif. | 16,242 | 21,230 | -23.5 |
| 8 | Washington Mutual Seattle | 14,331 | 9,540 | 50.2 |
| 9 | First Magnus Financial Corp. Tucson | 13,319 | NA | NA |
| 10 | Homecomings Financial (2) Minneapolis | 12,168 | 3,578 | 240.10 |
| 11 | Impac Funding Corp. (AA) Irvine, Calif. | 11,489 | 21,461 | -46.5 |
| 12 | SunTrust Mortgage Inc. Richmond, Va. | 10,094 | 8,703 | 16 |
| 13 | Credit Suisse New York | 10,058 | 11,667 | -13.8 |
| 14 | Chase Home Finance Iselin, N.J. | 9,426 | 1,950 | 383.4 |
| 15 | National City Mortgage Miamisburg, Ohio | 8,742 | 5,859 | 49.2 |
| Top 15 Totals | $357,935 | $281,554 | 27.10% | |
| Submitted Totals | $465,258 | $351,966 | 32.20% | |
Notes: Notes: Alt-A loans are non-conforming in nature but borrowers have higher FICO scores than subprime borrowers. Results may be incomplete because some lenders would not disclose this data point. (1) EMC is owned by Bear Stearns. (2) These GMAC-related firms are affiliates. (3) Wells is restating its alt-A production figures. (4) ALS is owned by Lehman. (5) WMC is owned by GE. (AA) Lender is an alt-A specialist. (BC) Firm is a subprime specialist.
Source: NMN.
Questions? Email:
Paul.Muolo@SourceMedia.com
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