Top Home Mortgage Originators in 2002
April 15, 2003, 10:08 a.m. EDT 1 Min Read
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Top Home Mortgage Originators in 2002
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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