Top Subprime Lenders

Published October 26, 2004, 10:08 a.m. EDT

Updated January 02, 1970, 9:08 a.m. EST

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Top Subprime Lenders

Top Subprime Lenders
On June 30, 2004. Dollars in millions Published October 26, 2004
		Portfolio	Year earlier	Change
1	Ameriquest Mortgage Corp. (E) Orange, Calif.	$20,955	$11,406	84%
2	New Century Financial Corp. Irvine, Calif.	20,736	10,490	98%
3	Countrywide Financial Corp. Calabasas, Calif.	16,446	7,579	117%
4	Household Financial Services (E) (1) Prospect Heights, Ill.	14,550	16,160	-10%
5	First Franklin Financial San Jose, Calif.	14,383	7,923	82%
6	Washington Mutual (E) Seattle	14,119	9,234	53%
7	Wells Fargo Home Mortgage San Francisco	11,389	6,156	85%
8	CitiFinancial Baltimore, Md.	11,053	10,079	10%
9	Homecomings Minneapolis	10,943	8,278	32%
10	Option One Mortgage Corp. Irvine, Calif.	10,863	8,097	34%
11	Fremont Investment and Loan Santa Monica, Calif.	10,643	5,108	108%
12	WMC Mortgage Corp. Woodland Hills, Calif.	7,261	2,887	152%
13	Accredited Home Lenders San Diego	5,739	3,376	70%
14	Decision One Mortgage (1) Charlotte	5,639	3,731	51%
15	BNC Mortgage, Inc. Irvine, Calif.	5,045	2,808	80%
16	Chase Home Finance Woodcliff Lake, N.J.	4,877	3,729	31%
17	Aames Financial Corp. Los Angeles	3,832	2,170	77%
18	Encore Credit Corp. Irvine, Calif.	3,820	1,704	124%
19	NovaStar Mortgage, Inc. Kansas City, Mo.	3,753	2,172	73%
20	Finance America Corp. Irvine, Calif.	3,432	1,524	125%
	Top 20	$201,482	$126,614	59%
	Submitted totals	$236,001	$149,430	58%

Notes: Results may be incomplete because some firms would not disclose production numbers.
(1) Decision One is the wholesale arm of Household.
(E) Estimate.
Source: American Banker/National Mortgage News. Questions? Email:

paul.muolo@sourcemedia.com