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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.


PHH Breaks Into Top 5

DALLAS -- (May 23, 2011) /PRNewswire/ Business at the nation's mortgage lenders was hurt by rising interest rates, according to the First Quarter 2011 Mortgage Lender Ranking from But a new lender managed to land a spot on the list of the five biggest originators.

An analysis of first-quarter data indicates that overall residential originations fell 34 percent from the fourth-quarter 2010. Driving the decline was an increase in mortgage rates that pulled down refinances.

Lenders, however, managed to lift production 5 percent from the first-quarter 2010.

Mortgage Daily estimates that total residential production by all lenders was $310 billion during the first three months of this year.

With $58 billion in first-quarter endorsements, the Federal Housing Administration's market share was around 19 percent.

By individual lender, Wells Fargo & Co. maintained its grip on the biggest-lender title. PHH managed to bump Ally Financial from the list of the top-five originators.

The five-biggest lenders accounted for more than two-thirds of all production.

Rank Q1 2011 Q4 2010
1 Wells Wells
2 BofA BofA
3 Chase Chase
4 Citigroup Ally
5 PHH Citigroup

Secondary marketing volume at Fannie Mae, Freddie Mac and Ginnie Mae amounted to $380 billion during the first quarter. Agency issuances and acquisitions, which tend to lag origination activity, were down 21 percent from the fourth quarter but barely changed from the same period last year.

Looking at the biggest servicers of residential loans, there was no change from the fourth quarter.

Servicing Portfolios
Rank Q1 2011 Q4 2010
1 BofA BofA
2 Wells Wells
3 Chase Chase
4 Citigroup Citigroup
5 Ally Ally

With the recent increase in regulatory requirements for mortgage originators, in addition to new loan originator compensation rules, many loan officers are migrating to organizations that recruit entire branches.

Among these companies, Primary Residential Mortgage Inc. reports that it operates 275 branches -- the most of any branch operator tracked by At 200 branches each, Allied Home Mortgage and Southwest Funding LP tied for the second spot.

Full Mortgage Lender Ranking at:

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Mortgage statistics are at:

Founded in 1998, provides online mortgage news, statistics and analysis for the mortgage industry.

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


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