PRESS RELEASE
Biggest Mortgage Lenders in 2012
DALLAS — (Feb. 25, 2013) /PRNewswire/ Mortgage companies increased originations last year, and there was some shifting among the five-biggest lenders. A new No. 3 lender emerged in the fourth quarter, and volume during the current quarter is likely to slow. Among mortgage servicers, three growing players have ascended to top-10 positions.
Residential lenders originated around 3% more in U.S. loans during the fourth quarter than in the third quarter, according to the 2012 Mortgage Lender Ranking from Mortgage Daily. Activity includes residential and home-equity originations and was based on surveys, earnings data and other data.
Compared to the fourth-quarter 2011, production grew 17%.
Wells Fargo. maintained its stranglehold on the Q4 leader, and Quicken Loans ascended from the No. 5 spot in Q3 to No. 3 this time around.
Q4 2012
Originations
| Rank | Lender |
| 1. | Wells |
| 2. | Chase |
| 3. | Quicken |
| 4. | BofA |
| 5. | USBank |
An analysis of the U.S. Mortgage Market Index report from Optimal Blue and Mortgage Daily indicates that first-quarter originations are likely to fall 16% from Q4 2012.
For all of 2012, home lending by all lenders was up 30% from 2011.
Including FHA-insured loans and estimated VA volume, government share worked out to around 20% of the mortgage market.
Fannie Mae and Freddie Mac collectively financed approximately 73% of last year’s originations.
Wells Fargo ranked as 2012’s biggest lender.
Annual
Originations
| 2012
Rank |
Lender |
| 1. | Wells |
| 2. | Chase |
| 3. | USBank |
| 4. | BofA |
| 5. | Quicken |
Wells Fargo remained the country’s biggest mortgage servicer.
BofA reduced its servicing portfolio 21% in 2012, while Ally Financial saw its portfolio decline 63% as a result of ResCap’s bankruptcy.
Ocwen and Nationstar nearly doubled their portfolios.
Although it didn’t make the top-10 list, Walter Investment. recently acquired MSRs that keep it in contention with Ocwen and Nationstar.
In addition to third-party servicing, total servicing includes held-for-investment residential and home-equity assets.
Servicing Portfolios
as of Dec. 31, 2012
| Rank | Servicer |
| 1. | Wells Fargo |
| 2. | BofA |
| 3. | Chase |
| 4. | Citi |
| 5. | USBank |
