Warehouse Lenders and Their Commitments
October 12, 2007, 10:08 a.m. EDT 1 Min Read
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Warehouse Lenders and Their Commitments
Warehouse Lenders and Their CommitmentsAt midyear 2007. Dollars in millions. | |||||
|---|---|---|---|---|---|
| Commitments | |||||
| First half | | | |||
| 1 | Washington Mutual (1) | Seattle | $14,999 | $18,577 | -19.3% |
| 2 | Credit Suisse | New York | 9,200 | 11,700 | -21.4% |
| 3 | Bank of America | Dallas | 9,200 | 8,700 | 5.7% |
| 4 | Residential Capital/GMAC | Bethesda, Md. | 7,880 | 17,190 | -54.2% |
| 5 | National City Bank | Cleveland | 2,900 | 3,600 | -19.4% |
| 6 | Flagstar Bank | Jackson, Mich. | 1,172 | 1,253 | -6.5% |
| 7 | IndyMac Bank | Scottsdale, Ariz. | 842 | 468 | 79.8% |
| 8 | Horizon Bank | Michigan City, Ind. | 352 | 371 | -5.1% |
| 9 | Warehouse One Inc. | Trenton, N.J. | 200 | 250 | -20.0% |
| 10 | Popular Warehouse Lending LLC | Marlton, N.J. | 185 | 293 | -36.9% |
| Total | $46,930 | $62,402 | -36.9% | ||
Notes: Results may be incomplete because several warehouse lenders would not provide figures. In the last half-year several lenders have exited the warehouse arena altogether. (1) WaMu is exiting the warehouse sector.
Source: National Mortgage News.