PRESS RELEASE
Biggest Mortgage Lenders in Q2
DALLAS — (Aug. 19, 2013) /PRNewswire/ Among the largest lenders in the country, two companies traded positions as industry-wide quarterly originations edged up. Initial indications are that the current quarter’s production is on track for a decline. Meanwhile, the second- and third-biggest servicers traded rankings.
Home loans funded by U.S. lenders totaled an estimated $502 billion during the second quarter, according to Mortgage Daily’s Mortgage Lender Ranking.
The estimate was based on earnings data, publicly disclosed statistics and a quarterly survey conducted by Mortgage Daily.
Overall activity increased around 2% from the first quarter.
Compared to the second-quarter 2012, production has risen more than 8%.
Wells Fargo maintained its standing as the biggest residential lender in the country.
A distant second was JPMorgan Chase, while Bank of America regained its No. 3 ranking after falling behind Quicken Loans in the first quarter.
Q2 2013 Originations
| Rank | Lender | Volume ($ billions) |
| Total. | U.S. (est.) | $502.0 |
| 1. | Wells Fargo | $112.0 |
| 2. | Chase | $49.5 |
| 3. | BofA | $26.8 |
| 4. | Quicken | $23.8 |
| 5. | U.S. Bank | $19.1 |
Walter Mortgage soared to $4.7 billion from the first quarter’s $ 0.4 billion — the biggest percentage gain of all lenders tracked.
Production at Nationstar Mortgage more than doubled from the first quarter — the second-best quarter-over-quarter performance of any top lender.
The biggest quarter-over-quarter loss was suffered by Ocwen Financial.
Nationstar’s business nearly quadrupled from the second-quarter 2012, the best year-over-year improvement.
With a 250% increase, Stonegate Mortgage delivered the second-largest increase from the year-earlier period.
United Shore followed with a 156% ascension, then 154% at PennyMac.
Based on the Mortgage Market Index from LoanSifter and Mortgage Daily, third-quarter originations from all lenders are likely to decline by around 22%.
Wells Fargo held on to its top-servicer standing, and BofA relinquished its No. 2 rank to Chase.
Biggest Servicers as of June 30
| Rank | Servicer | Portfolio Size ($ trillions) |
| 1. | Wells Fargo | $1.9 |
| 2. | Chase | $1.0 |
| 3. | BofA | $1.0 |
| 4. | Ocwen | $0.4 |
| 5. | Citigroup | $0.4 |
