twitter linkedin
facebook google+
Search:

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.

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

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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.


Some Shifting Among Biggest Mortgage Lenders

Q2 originations up 2% from Q1

Aug. 19, 2013

By Mortgage Daily staff

Among the largest mortgage 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 data collected from earnings reports, publicly disclosed statistics and a quarterly survey conducted by Mortgage Daily.

Overall activity increased around 2 percent from the first quarter.

Compared to the second-quarter 2012, mortgage production has risen more than 8 percent.

Wells Fargo & Co. maintained its standing as the biggest residential lender in the country. Business at the San Francisco-based firm was up 2.8 percent from the first quarter.

A distant second was JPMorgan Chase & Co., where volume was down 7 percent.

Bank of America Corp. regained its No. 3 ranking after falling behind Quicken Loans Inc. in the first quarter.


Second-Quarter 2013 Originations
Rank Lender Market
Share
Volume
($ billions)
Total. U.S. (est.) 100% $502.0
1. Wells Fargo 22% $112.0
2. Chase 10% $49.5
3. Bank of America 5% $26.8
4. Quicken Loans 5% $23.8
5. U.S. Bank 4% $19.1
6. Citigroup 3% $17.2
7. PHH 3% $14.8
8. Flagstar 2% $10.9
9. BB&T 2% $9.3
10. SunTrust 2% $9.1


Walter Mortgage Co. soared to $4.7 billion from the first quarter's $ 0.4 billion -- the biggest percentage gain of all lenders tracked.

Mortgage production at Nationstar Mortgage LLC more than doubled from the first quarter -- the second-best quarter-over-quarter performance of any top lender.

A nearly one-quarter gain was logged by New American Funding and McLean Mortgage Corp.

The biggest quarter-over-quarter loss was suffered by Ocwen Financial Corp., which reported that volume was down 21 percent.

Nationstar's business nearly quadrupled from the second-quarter 2012, the best year-over-year improvement.

With a 250 percent increase, Stonegate Mortgage delivered the second-largest increase from the year-earlier period.

United Shore Financial Services followed with a 156 percent ascension, then 154 percent at PennyMac Mortgage Investment Trust.

Loan fundings at Provident Funding Associates LP slowed more than 22 percent from the second quarter of last year, the largest decline.

Based on the U.S. Mortgage Market Index from LoanSifter and Mortgage Daily, third-quarter originations from all lenders are likely to decline by around 22 percent.

Wells Fargo held on to its top-servicer standing with a mortgage servicing portfolio of $1.9 trillion.

BofA relinquished its No. 2 rank to Chase.

Biggest Mortgage Servicers
as of June 30, 2013
Rank Servicer Portfolio Size
($ trillions)
Total. U.S. Outstanding* $9.919
1. Wells Fargo $1.851
2. Chase $1.003
3. Bank of America $0.986
4. Ocwen $0.436
5. Citigroup $0.407
6. Nationstar $0.318
7. U.S. Bank $0.287
8. PHH $0.229
9. Walter Mortgage $0.223
10. PNC $0.166
*source: Total U.S. Outstanding estimated by Fannie Mae


next story

back to current headlines


Servicing News | Servicer Ranking | Delinquency Statistics
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.


Logout forgot
password?

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

MBS

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