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.

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/
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


Biggest Bank Lenders

FDIC reports Q4 financial institution activity

March 11, 2009

By MortgageDaily.com staff


As fourth quarter mortgage originations fell for federally insured financial institutions, credit line and repurchase activity soared. The biggest bank, as measured by assets, had more than $2 billion in repurchases -- nearly doubling from the prior period.

Wells Fargo Bank NA originated $19.0 billion in retail mortgages during the first quarter, making it the biggest retail mortgage lender among government-insured banks, according to data provided by the Federal Deposit Insurance Corporation to MortgageDaily.com. Retail activity at the San Francisco-based bank dropped from $21.4 billion during the third quarter.

The data were based on reports from 682 institutions with assets of at least $1 billion or quarterly mortgage originations of more than $10 million as of Dec. 31.

With $8.5 billion in retail fundings, Bank of America NA was No. 2. BoA's retail activity declined from the third quarter's $8.8 billion.

JPMorgan Chase Bank NA was No. 3 at $7.0 billion in retail business, easing from $7.2 billion; and National City Bank, which saw retail fundings fall to $3.1 billion from $3.5 billion, was No. 4. The fifth highest level of retail production was at SunTrust Bank, where fourth-quarter volume was $2.3 billion, tumbling from $3.7 billion.

Aggregate fourth-quarter retail volume at all 682 banks was $66.7 billion, down from $70.8 billion three months earlier.

FDIC-insured institutions had outstanding retail home-equity line-of-credit commitments of $1.8 billion, climbing from $1.3 billion in the third quarter. Principal HELOC outstanding was $0.8 billion, up from $0.6 billion.

Wells was also the biggest wholesale mortgage lender, with $44.5 billion in fourth-quarter wholesale production reported for Wells Fargo Bank NA, up from $43.9 billion, and $18.3 billion reported for Wells Fargo Bank S Cntl NA, climbing from the third quarter's $17.4 billion.

No. 2 was JPMorgan, where fourth-quarter wholesale fundings were $18.7 billion, falling from $23.0 billion the prior period. Next was Citibank National Association, which originated $12.7 billion in wholesale business, down from the third quarter's $18.8 billion; then Colonial Bank, with fourth-quarter third-party originations falling to $12.4 billion from $14.7 billion; and GMAC Bank, with $6.4 billion in wholesale production, down from $8.9 billion in the third quarter.

Aggregate wholesale business at all the reporting institutions was $148.0 billion during the final quarter of 2008, easing from the third quarter's $157.7 billion.

Wholesale HELOC commitments stood at $1.9 billion during the latest period, climbing from $1.0 billion on Sep. 30, 2008. Fourth-quarter wholesale HELOC principal was $1.2 billion for the wholesale channel, soaring from $0.6 billion.

Repurchase activity was highest at JPMorgan, which reported that fourth-quarter repurchases were $2.3 billion -- more than doubling from $1.0 billion in the prior period.

BoA repurchases were $0.4 billion, rising from the third quarter's $0.3 billion; while National City said its repurchases increased to $0.2 billion from $0.1 billion. No. 4 was Wells Fargo, which saw repurchases increase slightly to $0.1 billion; and Fifth Third Bank, where fourth-quarter repurchases increased to $0.1 billion from less than $0.1 billion.

Total repurchases at all reporting institutions jumped to $3.3 billion from the third-quarter's $1.9 billion.

By assets, JPMorgan was the biggest FDIC-insured institution, with $1.746 trillion as of Dec. 31, 2008. BoA was next, at $1.472 trillion, then Citibank, at $1.231 trillion. No. 4 was Wachovia, which had $0.635 trillion in assets at the end of last year, then Wells Fargo, where yearend assets stood at $0.539 trillion.

Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.



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.


Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.




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