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.  

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