Top Home Mortgage Originators in 2002

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Top Home Mortgage Originators in 2002

Top Home Mortgage Originators in 2002
Excluding subprime. Dollars in millions
Published April 15, 2003
Volume Market share
Rank 2002 2001 Change 2002 Change*
1 Wells Fargo Home Mortgage Des Moines $329,221 $196,732 67.34% 12.08% 2.01%
2 Washington Mutual Seattle 311,959 175,537 77.72 11.44 2.46
3 Countrywide Financial Corp. Calabasas, Calif. 251,901 138,194 82.28 9.24 2.17
4 Chase Home Finance Edison, N.J. 155,680 184,202 -15.42 5.71 -3.71
5 ABN Amro Mortgage Ann Arbor, Mich. 117,779 81,684 44.19 4.32 0.14
6 Bank of America Charlotte 88,050 84,065 4.74 3.23 -1.07
7 National City Mortgage Miamisburg, Ohio 79,478 56,865 39.77 2.92 0.01
8 GMAC Residential Holdings Horsham, Pa. 71,617 51,821 38.2 2.63 -0.02
9 Cendant Mortgage Mount Laurel, N.J. 59,280 44,522 33.15 2.17 -0.1
10 Homecomings/GMAC-RFC Bloomington, Minn. 52,591 35,724 47.21 1.93 0.1
Top 10 $1,517,556 $1,049,354 44.62% 55.67% 1.97%
Entire Database 2,370,244 1,698,942 39.51 86.96 -0.21


Notes: Volumes calculated by adding up quarterly volumes that were already reported to National Mortgage News. Market share is based on estimated loan orinations of $2.725 trillion in 2002.

* Percentage Points

Source: National Mortgage News. Questions? Email:

paul.muolo@thomsonmedia.com
.

© 2003 American Banker