home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

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.


Biggest U.S. Mortgage Lenders

DALLAS -- (Nov. 17, 2008) /PRNewswire/ Mergers and acquisitions are shaking up the standings of the biggest mortgage originators, according to earnings data analyzed by
http://www.mortgagedaily.com. Mergers will continue to reshape rankings through next year.

During the third quarter, Bank of America Corp. reported more residential production than any other lender. In July, BoA acquired Countrywide Financial Corp. -- which had held the title of biggest mortgage lender during most of the past five years.

As Countrywide was winding down operations as an independent company during the second quarter, Wells Fargo & Co. swooped in and grabbed the title of biggest lender. But BoA's combined results enabled it to wrestle the top spot away in the third quarter.

With its planned acquisition of Wachovia Corp. later this year, however, No. 2 Wells Fargo will become a formidable challenger to BoA as the biggest lender. Combined, W&W's third-quarter originations were within $0.1 billion of BoA's.

No. 3 JPMorgan Chase & Co. will only see its position strengthen with its acquisition of Washington Mutual Bank. While WaMu hasn't reported third-quarter activity, fundings were likely well below the second quarter's $9 billion and probably less than the $7 billion reported by No. 10 Flagstar Bank.

An emerging company with the potential to become a $1 billion player is NetMore America Inc., which reported $100 million in October originations -- potentially signaling more than $1 billion in annual production.

No. 5 Residential Capital LLC, however, is warning that it may not survive.

Rank Company Originations
1. BoA $58 billion
2. Wells Fargo $51 billion
3. JPMorgan $40 billion
4. Citigroup $22 billion
5. ResCap $11 billion
6. SunTrust $8 billion
7. PHH Mortgage $8 billion
8. U.S. Bancorp $8 billion
9. Wachovia $7 billion
10. Flagstar $7 billion

Industry-wide third-quarter originations tumbled 31 percent from the second quarter, based on an analysis of overall industry activity. Compared to the third-quarter 2007, industry production was down 42 percent.

Complete mortgage production news coverage is at:

Mortgage statistics are at:

Full Table of Quarterly Originations by Lender

About MortgageDaily.com
Founded in 1998, MortgageDaily.com is a dominant online news source for the mortgage industry. Around one million mortgage business news pages are viewed monthly at MortgageDaily.com and its affiliate publications.

Sam Garcia
[email protected]
3811-700 Turtle Creek Blvd.
Dallas, TX 75219

Source: MortgageDaily.com

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders