Top Residential Originators
July 02, 2010, 4:59 p.m. EDT 1 Min Read
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Top Residential Originators
Top Residential OriginatorsOn Dec. 31, 2009. Dollars in millions | ||||||
|---|---|---|---|---|---|---|
| Rank | Production | Year earlier | Change | Market share | Market share Change | |
| 1 | Wells Fargo & Co. San Francisco | $427,211 | $237,160 | 80.1% | 22.40 | 5.09% |
| 2 | Bank of America Charlotte | 391,318 | 182,213 | 114.8 | 20.52 | 7.22 |
| 3 | Chase Iselin, N.J. | 155,771 | 187,087 | -16.7 | 8.17 | -5.49 |
| 4 | CitiMortgage Inc. O'Fallon, Mo. 1 | 81,253 | 115,386 | -29.6 | 4.26 | -4.16 |
| 5 | Residential Capital LLC GMAC Minneapolis 2 | 64,731 | 57,332 | 12.9 | 3.39 | -0.79 |
| 6 | U.S. Bank Home Mortgage Bloomington, Minn. | 55,572 | 34,256 | 62.2 | 2.91 | 0.41 |
| 7 | SunTrust Mortgage Inc. Richmond, Va. | 50,462 | 37,096 | 36.0 | 2.65 | -0.06 |
| 8 | Provident Funding Associates Burlingame, Calif. | 37,825 | 14,529 | 160.3 | 1.98 | 0.92 |
| 9 | PHH Mortgage Mount Laurel, N.J. | 37,564 | 33,919 | 10.7 | 1.97 | -0.51 |
| 10 | MetLife Home Loans Irving, Texas 3 | 35,190 | 5,757 | 511.3 | 1.85 | 1.42 |
| 11 | Flagstar Bank FSB Troy, Mich. | 31,504 | 27,881 | 13.0 | 1.65 | -0.38 |
| 12 | Branch Banking and Trust Co. Wilson, N.C. | 29,652 | 19,006 | 56.0 | 1.55 | 0.17 |
| 13 | Quicken Loans Inc. Livonia, Mich. | 25,613 | 12,018 | 113.1 | 1.34 | 0.47 |
| 14 | AmTrust Bank Cleveland 4 D | 23,548 | 23,888 | -1.4 | 1.23 | -0.51 |
| 15 | USAA Federal Savings Bank San Antonio | 20,807 | 10,933 | 90.3 | 1.09 | 0.29 |
| 16 | Fifth Third Mortgage Cincinnati | 20,674 | 11,184 | 84.9 | 1.08 | 0.27 |
| 17 | National City Mortgage Miamisburg, Ohio 5 | 19,039 | 19,443 | -2.1 | 1.00 | -0.42 |
| 18 | Franklin American Mortgage Tenn. | 19,016 | 18,054 | 5.3 | 1.00 | -0.32 |
| 19 | Taylor, Bean & Whitaker Ocala, Fla. 6 D | 15,715 | 31,551 | -50.2 | 0.82 | -1.48 |
| 20 | Regions Mortgage Inc. Montgomery, Ala. | 9,617 | 5,366 | 79.2 | 0.50 | 0.11 |
| 21 | HSBC Mortgage Corp. USA Depew, N.Y. | 9,016 | 12,658 | -28.8 | 0.47 | -0.45 |
| 22 | ING Bank FSB Wilmington, Del. | 8,838 | 12,594 | -29.8 | 0.46 | -0.46 |
| 23 | Sierra Pacific Mortgage Folsom, Calif. | 8,592 | 5,480 | 56.8 | 0.45 | 0.05 |
| 24 | Hudson City Savings Bank Paramus, N.J. | 8,435 | 7,688 | 9.7 | 0.44 | -0.12 |
| 25 | Sovereign Bank FSB Rosemont, Pa. | 8,158 | 5,704 | 43.0 | 0.43 | 0.01 |
Notes: Market share based on estimated 2009 loan production of $1.9 trillion. Fundings include Fannie Mae/Freddie Mac, government, and nonconforming loans, and represent both first and second residential liens. To the best of our knowledge, hardly any subprime loans are represented in these numbers because that market has dried up due to the credit crisis.
1
CitiMortgage's parent bank is partly owned by the government, which plans to unload its stake sometime in 2010.2
ResCap is owned by GMAC, which is trying to sell the lender.3
MetLife did not have much of a presence in mortgage banking until mid-2008, when it bought part of First Horizon's residential franchise.4
AmTrust was taken over by the FDIC late last year with most of its assets sold to New York Community Bancorp.5
NCM is owned by PNC Financial Services. 6
TBW filed for bankruptcy protection in the summer of 2009. D
Company is no longer in business.Source: AB/Annual Data Report.
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