Top Residential Originators
July 02, 2009, 10:08 a.m. EDT 1 Min Read
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Top Residential Originators
Top Residential OriginatorsIn 2008. Dollars in millions | ||||||
---|---|---|---|---|---|---|
Rank | Volume | Change | Market share | Change | ||
| | |||||
1 | Wells Fargo & Co. 1 San Francisco | $234,767 | $271,931 | -13.7% | 13.4% | 3.7% |
2 | JPMorgan Chase 2 Iselin, N.J. | 187,087 | 210,308 | -11.0 | 10.7 | 3.2 |
3 | Bank of America Corp. 3 Charlotte | 182,213 | 189,889 | -4.0 | 10.4 | 3.6 |
4 | Countrywide Financial Corp. 3 Calabasas, Calif. | 132,025 | 408,234 | -67.7 | 7.5 | -7.0 |
5 | CitiMortgage Inc. O'Fallon, Mo. | 115,386 | 197,965 | -41.7 | 6.6 | -0.5 |
6 | Residential Capital LLC (GMAC) Minneapolis | 57,332 | 95,483 | -40.0 | 3.3 | -0.1 |
7 | Wachovia Mortgage FSB 1 Charlotte | 51,313 | 99,218 | -48.3 | 2.9 | -0.6 |
8 | Washington Mutual Inc. 2 Seattle | 40,476 | 142,151 | -71.5 | 2.3 | -2.8 |
9 | SunTrust Mortgage Inc. Richmond | 37,096 | 59,404 | -37.6 | 2.1 | 0.0 |
10 | U.S. Bank Home Mortgage Bloomington, Minn. | 34,256 | 27,208 | 25.9 | 2.0 | 1.0 |
11 | PHH Mortgage Mount Laurel, N.J. | 33,919 | 39,546 | -14.2 | 1.9 | 0.5 |
12 | Taylor, Bean & Whitaker Ocala, Fla. | 31,551 | 35,604 | -11.4 | 1.8 | 0.5 |
13 | Flagstar Bank FSB Troy, Mich. | 27,881 | 24,106 | 15.7 | 1.6 | 0.7 |
14 | AmTrust Bank Cleveland | 23,888 | 24,964 | -4.3 | 1.4 | 0.5 |
15 | National City Mortgage 4 Miamisburg, Ohio | 19,443 | 46,449 | -58.1 | 1.1 | -0.5 |
16 | Branch Banking and Trust Co. Wilson, N.C. | 19,006 | 15,674 | 21.3 | 1.1 | 0.5 |
17 | Franklin American Mortgage Tenn. | 18,054 | 11,951 | 51.1 | 1.0 | 0.6 |
18 | First Horizon Home Loans Irving, Texas | 17,814 | 29,700 | -40.0 | 1.0 | 0.0 |
19 | Provident Funding Associates Burlingame, Calif. | 14,529 | 21,148 | -31.3 | 0.8 | 0.1 |
20 | IndyMac Bancorp Inc. 5 Pasadena, Calif. | 14,263 | 76,979 | -81.5 | 0.8 | -1.9 |
Top 20 Totals: | $1,292,299 | $2,027,912 | -36.3% | 73.8% | 1.5% | |
Top 100 Totals: | $1,458,796 | $2,336,299 | -37.6% | 82.9% | 0.5% |
Notes: Market share based on estimated 2008 loan production of $1.751 trillion. Fundings include prime and non prime loans and both first and second liens. Results may be incomplete because some firms would not provide figures.
1
Wells Fargo bought Wachovia in late 2008. They are listed separately in this ranking.2
JPMorgan Chase bought Washington Mutual in the fall of 2008. Wamu's pre-JPMorgan Chase fundings are represented here.3
Bank of America bought Countrywide on July 1. Countrywide's pre-B of A fundings are represented in this ranking.4
Nat City is now owned by PNC.5
IndyMac was taken over by the government last summer and is now owned by a private investor group.Source: NMN/Quarterly Data Report. Questions? E-mail:
Paul.Muolo@SourceMedia.com
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