Top Residential Mortgage Originators in 1999
April 18, 2000, 10:08 a.m. EDT 1 Min Read
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Top Residential Mortgage Originators in 1999
| | |
| Published April 18, 2000 | |
| Rank | Company Name | City | Origination Volume | % Change | Market Share % | Market Share % Chg. (+/-) | |
|---|---|---|---|---|---|---|---|
| 12/31/99 | 12/31/98 | ||||||
| 1 | Chase Manhattan Mortgage (1) | Edison, NJ | $93,048 | $84,091 | 11% | 7.75% | 2.02% |
| 2 | Norwest Mortgage, Inc. (2) | Des Moines, IA | 81,994 | 109,450 | -25 | 6.83 | -0.50 |
| 3 | Countrywide Home Loans, Inc. | Calabasas, CA | 75,381 | 88,505 | -15 | 6.28 | 0.32 |
| 4 | Bank of America Mortgage | Charlotte, NC | 63,224 | 79,104 | -20 | 5.27 | -0.04 |
| 5 | Washington Mutual | Seattle, WA | 41,502 | 43,606 | -5 | 3.46 | 0.51 |
| 6 | Fleet Mortgage | Columbia, SC | 35,114 | 35,860 | -2 | 2.93 | 0.50 |
| 7 | HomeSide Lending, Inc. | Jacksonville, FL | 28,959 | 26,886 | 8 | 2.41 | 0.58 |
| 8 | ABN AMRO Mortgage | Troy, MI | 28,355 | 28,942 | -2 | 2.36 | 0.40 |
| 9 | Cendant Mortgage | Mt. Laurel, NJ | 25,569 | 26,009 | -2 | 2.13 | 0.37 |
| 10 | North American Mortgage/Dime | Tampa, FL | 23,172 | 30,810 | -25 | 1.93 | -0.13 |
Notes: Market Share based on estimated 1.25 trillion in industry mortgage originations.
1. Chase bought Mellon Mortgage on Sept. 30, 1999.
2. Norwest Mortgage changed its name to Wells Fargo Home Mortgage effective April 17, 2000.
© 2000 American Banker