home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.


Best Mortgage Companies for Shareholders

Institutional Investor magazine announces ranking

March 3, 2006

By COCO SALAZAR


photo of Coco Salazar

Analysts and portfolio managers have picked the friendliest mortgage-lending company for shareholders.

Countrywide Financial Corp. took the gold in the mortgage finance sector of Institutional Investor magazine's inaugural ranking of America's Most Shareholder-Friendly Companies.

The list included the friendliest companies across 62 industry sectors, reflecting the views more than a thousand portfolio managers and analysts nationwide and abroad, the magazine said. The survey instructed respondents to name the companies in their areas of expertise that are the most attentive to shareholders and to consider the quality of the companies' governance and investor relations practices when voting.

The recognition adds to Countywide's honors. The Calabasas, Calif.-based lender's chief executive, Angelo Mozilo, was previously named by Forbes magazine as the mortgage industry's highest paid CEO. The company was also recognized by FORTUNE magazine as one of the most admired companies and has paraded a ranking of the best three-year investment return providers.

Countrywide topped the annual production of all other lenders in 2005, with volume of $490.9 billion.

The magazine said that investors not only want strong financial performance and solid governance policies, above all, they want companies to be honest with them as more than a few money managers reportedly said CEOs who are accessible and forthright today can avoid locking horns with activist shareholders tomorrow.

The second, most-friendliest mortgage finance company was Golden West Financial Corp. The CEOs of the Oakland, Calif.-based thrift, which reported it originated a record $51.5 billion last year, have also been recognized as fulfilling their roles best.

The bronze medal went to Washington Mutual, reportedly the third largest originator last year with $247.4 billion.

Freddie Mac and Indymac Bancorp tied for the fourth spot in the mortgage finance sector, according to the magazine.

In the large-cap banks sector, the crown went to Wells Fargo & Co. The San Francisco-based lender produced $366 billion in mortgages last year.

The second through fourth places were respectively filled by Wachovia Corp., Bank of America Corp. and U.S. Bancorp.

Amongst mid-cap banks, portfolio managers and analysts voted M&T Bank Corp. as the friendliest to shareholders. North Fork Bancorp, Zions Bancorp and Commerce Bancorp followed in that respective order.

Mortgage-related entities recognized for their shareholder friendliness in the specialty finance industry were American Express Co. in first, followed by Capital One Financial Corp. and three companies took third, including CIT Group, the magazine said.

The list reportedly contained a total of 254 companies.


Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.

e-mail: [email protected]



SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders