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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.


Home Lending Tumbles

DALLAS -- (Aug. 8, 2011) /PRNewswire/ Residential originations by U.S. lenders fell nearly 20% in the second quarter, according to the Mortgage Lender Ranking from The biggest-three lenders fueled the decline, while business was less concentrated at the top.

An analysis of second-quarter data by indicates that Wells Fargo & Co. was again the biggest lender. But production at the mortgage behemoth was down 24% from the first quarter.

Next was Bank of America Corp., where volume contracted 29%. JPMorgan Chase & Co. trimmed fundings by 5% to place third.

But No. 4 Ally Financial Inc. managed a 4% increase.

Other mortgage bankers to turn in a stronger performance included Fairway Independent Mortgage Corp., where business increased a third; PlainsCapital Corp., which expanded activity by 27%; and MetLife Inc., with a 5% improvement.

Rank Q2 2011 Q1 2011 Q2 2010
1 Wells Wells Wells
2 BofA BofA BofA
3 Chase Chase Chase
4 Ally Citi Ally
5 Citi PHH Citi

Industry-wide volume declined around 19% from the first quarter. Compared to the second-quarter 2010, volume was down 20%. estimates that second-quarter production by all lenders was around $260 billion.

The five-biggest lenders saw their combined market share erode to around 63% from more than two-thirds in the first quarter.

Endorsements by the Federal Housing Administration amounted to $51 billion, declining from the first quarter's $58 billion. But FHA's market share inched up to approximately 20% from a revised 18% in the prior period.

Using agency and trade-group data, projects that total originations this year will fall to around $1.1 trillion from $1.5 trillion in 2010.

Servicers of residential loans saw no shuffling among their ranks in the latest period.

Servicing Portfolios
Rank Q2 2011 Q1 2011
1 BofA BofA
2 Wells Wells
3 Chase Chase
4 Citi Citi
5 Ally Ally

An upcoming acquisition of Litton Loan Servicing LP by Ocwen Financial Corp. could poise Atlanta-based Ocwen to break into the top 10 mortgage servicers.

Mortgage Lender Ranking at:

Complete mortgage origination news coverage at:

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Founded in 1998, is a dominant online source of mortgage news, statistics and analysis for the mortgage industry. Visit us online at

Holly Himelright
3811-700 Turtle Creek Blvd.
Dallas, TX 75219


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