| | | U.S. BANKER RANKINGS | |
Top Residential Mortgage Originators in 2000
(dollars in millions) | | | | | Origination Volume | % Change | Market Share | Mkt Shr % pt. +/- | | Rank | Organization Name | Location | 2000 | 1999 |  | | 1 | Chase Manhattan Mortgage (1) | Edison, NJ | $76,559 | $93,299 | -18% | 7.21% | -0.43% | | | 2 | Wells Fargo Home Mortgage (2) | Des Moines, IA | $66,907 | $81,994 | -18% | 6.30% | -0.42% | | | 3 | Countrywide Home Loans, Inc. | Calabasas, CA | $61,694 | $75,381 | -18% | 5.81% | -0.36% | | | 4 | Bank of America Mortgage | Charlotte, NC | $51,819 | $66,618 | -22% | 4.88% | -0.58% | | | 5 | Washington Mutual (3) (5) | Seattle, WA | $47,299 | $44,614 | 6% | 4.45% | 0.80% | | | 6 | ABN AMRO Mortgage | Troy, MI | $24,290 | $28,194 | -14% | 2.29% | -0.02% | | | 7 | Fleet Mortgage (4) | Columbia, SC | $23,391 | $35,115 | -33% | 2.20% | -0.67% | | | 8 | PNC Mortgage (5) | Vernon Hills, IL | $22,341 | $19,561 | 14% | 2.10% | 0.50% | | | 9 | Cendant Mortgage | Mt. Laurel, NJ | $22,144 | $25,569 | -13% | 2.09% | -0.01% | | | 10 | HomeSide Lending, Inc. | Jacksonville, FL | $21,555 | $28,959 | -26% | 2.03% | -0.34% | | | 11 | CitiMortgage, Inc. (8) | St. Louis, MO | $21,325 | $20,083 | 6% | 2.01% | 0.36% | | | 12 | National City Mortgage (6) | Miamisburg, OH | $21,311 | $18,751 | 14% | 2.01% | 0.47% | | | 13 | North American Mortgage/Dime | Tampa, FL | $20,978 | $23,172 | -9% | 1.98% | 0.08% | | | 14 | Golden West Financial Corp./World | Oakland, CA | $19,421 | $12,355 | 57% | 1.83% | 0.82% | | | 15 | GMAC Mortgage | Horsham, PA | $17,816 | $16,886 | 6% | 1.68% | 0.29% | | | 16 | Household Financial Services (E) (BC) | Prospect Heights, IL | $15,230 | $10,647 | 43% | 1.43% | 0.56% | | | 17 | First Horizon Home Loans | Irving, TX | $13,473 | $19,260 | -30% | 1.27% | -0.31% | | | 18 | SunTrust Mortgage, Inc. | Richmond, VA | $13,338 | $17,171 | -22% | 1.26% | -0.15% | | | 19 | First Nationwide Mortgage (7) | Frederick, MD | $13,100 | $15,820 | -17% | 1.23% | -0.06% | | | 20 | Associates Home Equity/Citigroup (E) (BC) (8) | Irving, TX | $11,154 | $10,329 | 8% | 1.05% | 0.20% | | | 21 | GreenPoint Mortgage Funding | Larkspur, CA | $10,779 | $10,605 | 2% | 1.01% | 0.15% | | | 22 | Resource Bancshares Mtg. Co. | Columbia, SC | $10,507 | $8,648 | 21% | 0.99% | 0.28% | | | 23 | Flagstar Bank | Bloomfield Hills, MI | $10,123 | $14,550 | -30% | 0.95% | -0.24% | | | 24 | Old Kent Mortgage Company (9) | Grand Rapids, MI | $9,271 | $12,091 | -23% | 0.87% | -0.12% | | | 25 | Ohio Savings Bank, F.S.B. | Cleveland, OH | $9,062 | $9,977 | -9% | 0.85% | 0.04% | | | 26 | First Union Mortgage (10) | Charlotte, NC | $8,951 | $11,142 | -20% | 0.84% | -0.07% | | | 27 | IndyMac Bancorp, Inc. | Pasadena, CA | $8,923 | $6,683 | 34% | 0.84% | 0.29% | | | 28 | Principal Residential Mortgage | Des Moines, IA | $8,312 | $13,307 | -38% | 0.78% | -0.31% | | | 29 | CTX Mortgage | Dallas, TX | $8,300 | $9,261 | -10% | 0.78% | 0.02% | | | 30 | BankAmerica/CFG Real Est. (BC) (11) | Jacksonville, FL | $7,754 | $12,295 | -37% | 0.73% | -0.28% | | | 31 | Prism Mortgage | Chicago, IL | $7,477 | $8,172 | -9% | 0.70% | 0.03% | | | 32 | CitiFinancial (BC) (12) | Baltimore, MD | $6,351 | $6,158 | 3% | 0.60% | 0.09% | | | 33 | HSBC Mortgage | Depew, NY | $6,308 | $5,228 | 21% | 0.59% | 0.17% | | | 34 | Charter One Mortgage | Cleveland, OH | $5,675 | $5,618 | 1% | 0.53% | 0.07% | | | 35 | Firstar Home Mortgage Corp. | Bloomington, MN | $5,530 | $8,559 | -35% | 0.52% | -0.18% | | | 36 | Banc One Mortgage Corp. | Indianapolis, IN | $5,458 | $5,362 | 2% | 0.51% | 0.07% | | | 37 | Option One Mortgage Corp. (BC) (13) | Irvine, CA | $5,284 | $4,573 | 16% | 0.50% | 0.12% | | | 38 | Union Planters Mortgage | Cordova, TN | $4,852 | $3,632 | 34% | 0.46% | 0.16% | | | 39 | State Employees CU | Raleigh, NC | $4,803 | $1,461 | 229% | 0.45% | 0.33% | | | 40 | Long Beach Mtg/Washington Mutual (BC) | Orange, CA | $4,788 | $3,751 | 28% | 0.45% | 0.14% | | | 41 | USAA Federal Savings Bank | San Antonio, TX | $4,556 | $5,319 | -14% | 0.43% | -0.01% | | | 42 | Downey Savings & Loan Assn. | Newport Beach, CA | $4,502 | $5,755 | -22% | 0.42% | -0.05% | | | 43 | First Franklin Financial (BC) (6) | San Jose, CA | $4,471 | $4,504 | -1% | 0.42% | 0.05% | | | 44 | Branch Banking & Trust Co. | Wilson, NC | $4,164 | $4,558 | -9% | 0.39% | 0.02% | | | 45 | New Century Financial Corp. (BC) | Irvine, CA | $4,107 | $4,081 | 1% | 0.39% | 0.05% | | | 46 | Ameriquest Mortgage Corp. (BC) | Orange, CA | $4,000 | $3,483 | 15% | 0.38% | 0.09% | | | 47 | Irwin Mortgage Corp. | Indianapolis, IN | $3,966 | $5,774 | -31% | 0.37% | -0.10% | | | 48 | Republic Bancorp Inc. | Owosso, MI | $3,852 | $5,137 | -25% | 0.36% | -0.06% | | | 49 | Bank United (3) | Houston, TX | $3,499 | $2,808 | 25% | 0.33% | 0.10% | | | 50 | Conseco Mortgage (BC) | St. Paul, MN | $3,385 | $6,471 | -48% | 0.32% | -0.21% | | | Total top 50 | $776,156 | $874,740 | -11% | 73.08% | 1.42% | | | | Total top 100 | $863,063 | $971,520 | -12% | 81.27% | 1.33% | | |
Notes:
(1) Chase Manhattan Mortgage is in the process of buying Advanta Mortgage, a subprime lender.
(2) Wells Fargo Mortgage bought most of the production operation of G.E. Mortgage last year. It also took control of Crossland Mortgage.
(3) Washington Mutual bought PNC Mortgage in early 2001. It also is buying Bank United.
(4) Fleet Mortgage is for sale.
(5) PNC Mortgage’s volume represents originations prior to the WaMu purchase.
(6) National City owns subprime lenders First Franklin and Altegra.
(7) First Nationwide is owned by Golden State Bancorp.
(8) Associates was bought by Citi in early 2001.
(9) Old Kent Mortgage is for sale. Its parent is merging with Fifth Third.
(10) First Union Mortgage sold some of its servicing to Wells Fargo last year.
(11) This is the subprime division of Bank of America.
(12) This is the subprime division of Citigroup.
(13) Option is owned by H&R Block.
Questions? Email: paul.muolo@thomsonmedia.com or call (202) 434-0330.
Source: Quarterly Data Report. | | | |
