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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 Q3-2012 Report | Quarterly Originations by Lender | Mortgage Origination Statistics


Biggest Mortgage Servicers and Lenders

DALLAS -- (Nov. 12, 2012) /PRNewswire/ Market share was a little less concentrated at the top during the third quarter, according to Mortgage Daily's mortgage lender ranking. Business improved from the second quarter and looks likely to hold through year-end. The servicing landscape is undergoing a transformation.

Data collected by Mortgage Daily indicate Q3 residential originations climbed more than 11% from Q2. That put Q3 production around $475 billion.

Behind the strength was energized HARP 2.0 activity.

Mortgage Daily's findings were based on origination data for 29 lenders that accounted for around 77% of the total estimated market.

Using weekly data from the Mortgage Market Index report from Mortech and Mortgage Daily, it looks like the fourth quarter production might not be much different than Q3.

FHA loans accounted for about 13% of Q3 originations. FHA Q2 share was a revised 14%.

Fannie Mae and Freddie Mac were responsible for around 74% of Q3 activity, not much changed from revised Q2 share of 73%.

graph of biggest mortgage lenders in Q3 2012

While the five-biggest lenders maintained their Q2 standings, all but Quicken Loans and Bank of America saw a decline in market share. Combined share for the top five was 53%, a little less concentrated than Q2's revised 54% share.

Biggest Q3 Lenders
Rank Lender Market
1. Wells 29.3%
2. Chase 10.0%
3. USBank 4.5%
4. BofA 4.5%
5. Quicken 4.2%

PennyMac achieved the biggest increase from Q2, then Stonegate Mortgage, United Shore Financial Services and Quicken. Fifth Third had the worst performance.

Compared to the third-quarter 2011, PennyMac had the biggest gain. Next were Stonegate and United Shore. The worst record was Ally Financial's.

A shakeup in progress is likely to significantly alter the biggest servicer lineup. Ocwen Financial plans to acquire Homeward Residential and ResCap mortgage assets. Nationstar Mortgage and Walter Investment each reported servicing rights of at least $500 billion in their acquisition pipelines.

Biggest Servicers as of 9/30
Rank Servicer
1. Wells Fargo
2. BofA
3. Chase
4. Citigroup
5. USBank

Full third-quarter report:

Quarterly mortgage production by lenders:

Mortgage origination news at:

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

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


Quarterly Originations by Lender

Mortgage Origination Statistics

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Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

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FHA, VA and HECM mortgage news. HUD and G i n n i e news also. Originations, servicing and FHA approval.

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