Top Residential Originators in First-Half 2008
October 20, 2008, 10:08 a.m. EDT 1 Min Read
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Top Residential Originators in First-Half 2008
Top Residential Originators in First-Half 2008In the first half of 2008. Dollars in millions. | ||||||
|---|---|---|---|---|---|---|
| Rank | | | | | | |
| 1 | Countrywide Financial Corp. (1), Calabasas, Calif. | $132,025 | $245,127 | -46.1% | 13.0% | -3.6% |
| 2 | Wells Fargo & Co., San Francisco | 131,301 | 147,817 | -11.2% | 13.0% | +2.9% |
| 3 | Chase (2), Iselin, N.J. | 116,404 | 108,886 | 6.9% | 11.5% | +4.1% |
| 4 | Bank of America (1), Charlotte | 73,714 | 97,468 | -24.4% | 7.3% | +0.6% |
| 5 | CitiMortgage Inc. (3), O'Fallon, Mo. | 72,733 | 115,765 | -37.2% | 7.2% | -0.7% |
| 6 | Wachovia Mortgage FSB (3), Charlotte | 37,932 | 54,892 | -30.9% | 3.7% | +0.0% |
| 7 | Residential Capital LLC (GMAC), Minneapolis | 37,928 | 59,777 | -36.6% | 3.7% | -0.3% |
| 8 | Washington Mutual (2), Seattle | 30,476 | 83,425 | -63.5% | 3.0% | -2.7% |
| 9 | SunTrust Mortgage Inc., Richmond | 21,613 | 33,356 | -35.2% | 2.1% | -0.1% |
| 10 | PHH Mortgage, Mount Laurel, N.J. | 20,704 | 21,061 | -1.7% | 2.0% | +0.6% |
| 11 | U.S. Bank Home Mortgage, Bloomington | 18,387 | 12,154 | 51.3% | 1.8% | +1.0% |
| 12 | Taylor, Bean and Whitaker, Ocala, Fla. | 17,182 | 17,554 | -2.1% | 1.7% | +0.5% |
| 13 | Flagstar Bank FSB, Troy, Mich. | 15,860 | 11,206 | 41.5% | 1.6% | +0.8% |
| 14 | First Horizon Home Loans, Irving, Tex. | 14,494 | 15,959 | -9.2% | 1.4% | +0.3% |
| 15 | IndyMac Bancorp Inc. (E), Pasadena, Calif. | 14,091 | 48,074 | -70.7% | 1.4% | -1.9% |
| 16 | AmTrust Bank, Cleveland | 13,883 | 13,000 | 6.8% | 1.4% | +0.5% |
| 17 | National City Mortgage, Miamisburg, Ohio | 12,667 | 26,170 | -51.6% | 1.3% | -0.5% |
| 18 | BB&T Corp., Wilson, N.C. | 10,780 | 7,382 | 46.0% | 1.1% | +0.6% |
| 19 | Franklin American Mortgage, Franklin, Tenn. | 9,388 | 5,579 | 68.3% | 0.9% | +0.5% |
| 20 | Provident Funding Associates, Burlingame, Calif. | 8,421 | 12,008 | -29.9% | 0.8% | +0.0% |
| 21 | Fifth Third Mortgage, Cincinnati | 7,102 | 5,913 | 20.1% | 0.7% | +0.3% |
| 22 | HSBC Mortgage Corp. USA, Depew, N.Y. | 6,955 | 6,903 | 0.8% | 0.7% | +0.2% |
| 23 | Quicken Loans Inc., Livonia, Mich. | 6,890 | 11,264 | -38.8% | 0.7% | -0.1% |
| 24 | ING Bank FSB, Wilmington | 5,906 | 5,493 | 7.5% | 0.6% | +0.2% |
| 25 | Hudson City Savings Bank, Paramus, N.J. | 4,280 | 3,788 | 13.0% | 0.4% | +0.2% |
| Top 25 totals: | $841,117 | $1,170,021 | -28.1% | 81.7% | +5.3% | |
| Top 100 totals: | $902,719 | $1,309,946 | -31.1% | 87.3% | +1.7% | |
Notes: Market share cut based on estimated residential production of $1.012 trillion in the first-half. (1) On July 1, BoA bought CFC. BoA is also purchasing Merrill Lynch and its lending units. (2) Chase recently bought WaMu and controls Aurora and EMC. (3) Citigroup bought Wachovia with federal assistance in September. (E) Estimate.
Source: NMN/Mid-Year Data Report (MDR).
Questions? Email:Paul.Muolo@SourceMedia.com
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