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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.



Full Q1-2013 Report | Quarterly Originations by Lender | Mortgage Origination Statistics



PRESS RELEASE


Biggest Mortgage Lenders in Q1

DALLAS -- (May 13, 2013) /PRNewswire/ Mortgage originations were off from the fourth quarter, but several players still managed to increase business. The second-quarter forecast calls for stronger production. Although the three-biggest mortgage servicers reduced their servicing portfolios, a trio of rising stars each added more than $100 billion to their portfolios.

Residential lenders originated 6.2% less during the first three months of 2013 than in the final three months of 2012, according to Mortgage Daily's First-Quarter 2013 Mortgage Lender Ranking.

But business improved 13.8% from the first-quarter 2012.

Estimated first-quarter originations by all U.S. lenders worked out to approximately $505 billion.

Based on the Mortgage Market Index from LoanSifter and Mortgage Daily, second-quarter business is poised to increase 13% over the first quarter.

Wells Fargo maintained its dominance as an originator, though its market share slipped.

Biggest Q1 Originators
Rank Lender Market
Share
1. Wells Fargo 22%
2. Chase 11%
3. Quicken 5%
4. Bank of America 5%
5. U.S. Bank 4%


The biggest decline was at Ally Financial, where production tumbled 38% from the fourth-quarter 2012. Provident Funding saw a 28% decline, and PrimeLending fell 24%.

The best improvement was Stonegate Mortgage's 36% increase. Bank of America and SunTrust Mortgage each boosted business by 11%.

In all, 15 mortgage bankers reported increased activity compared to the fourth-quarter 2012.

Wells Fargo, BofA and Chase maintained their respective No. 1, No. 2 and No. 3 positions among the country's biggest servicers of home loans -- though each reduced their servicing portfolios from year-end 2012.

But portfolios expanded by more than $100 billion each at No. 4 Ocwen, No. 6 Nationstar and No. 8 Walter Mortgage. All three firms are poised to capitalize on refinancing a share of their massive portfolios.

Biggest Servicers as of March 31
Rank Servicer Portfolio Size
($ trillions)
1. Wells Fargo $1.9
2. Bank of America $1.2
3. Chase $1.0
4. Ocwen $0.5
5. Citigroup $0.4


Full Q1-2013 report (complimentary for reporters):
http://www.mortgagedaily.com/Production051313.asp


Quarterly mortgage production by lenders:
http://www.mortgagedaily.com/FundingsConforming.asp

Mortgage origination news at:
http://www.mortgagedaily.com/Fundings.asp


About Mortgage Daily
Founded in 1998 by 20-year mortgage industry veteran Sam Garcia, Mortgage Daily is a leading online source of mortgage news and mortgage statistics for the mortgage industry. Visit Mortgage Daily at www.mortgagedaily.com.


CONTACT:
Holly Himelright
[email protected]
3811-700 Turtle Creek Blvd.
Dallas, TX 75219


Source: MortgageDaily.com


mortgage originator ranking first quarter 2013


Full Q1-2013 Report | Quarterly Originations by Lender | Mortgage Origination Statistics


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