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.


Mortgage Lender Ranking

Banks give up market share to non-banks credit unions

March 16, 2015

By Mortgage Daily staff



While there was no change in the top-five ranking of home lenders, the concentration of business among the 10 largest lenders dropped. Banks gave up significant market share to non-banks and credit unions.

Residential loan originations by all U.S. lenders was an estimated $301 billion during the fourth-quarter 2014, according to data compiled by Mortgage Daily.

Business slumped compared to the $311 billion in estimated mortgage production generated during the third quarter of last year.

But activity picked up modestly from $297 billion in estimated production during the final quarter of 2013.

Full-year 2014 volume for home lenders amounted to $1.128 trillion, tumbling from the $1.898 trillion in real estate loans closed during 2013.

Based on data collected for the Mortgage Daily Fourth Quarter 2014 Mortgage Origination Survey, Wells Fargo & Co. solidly maintained its No. 1 position during the latest three-month period.


Originations By Lender
(billions/includes home-equity lending)
Lender Q4 2014 Q3 2014 Q4 2013
U.S. Total $300.8 $310.9 $297.2
Wells Fargo
$44.0
$48.0
$50.0
JPMorgan Chase & Co.
$23.9
$22.0
$23.9
Quicken Loans Inc.
$18.6
$16.1
$12.6
Bank of America Corp.
$15.0
$14.9
$13.5
U.S. Bank Home Mortgage
$14.5
$14.7
$12.7
PHH Mortgage $9.4 $9.9 $9.5
PennyMac Mortgage Investment Trust $8.0 $8.6 $6.0
Citigroup Inc. $6.7 $7.1 $8.3
Flagstar Bancorp Inc. $6.6 $7.2 $6.4
Walter Investment Management $5.4 $5.8 $5.3
*Freedom Mortgage declined to report Q4 originations

For all of last year, the rankings were the same as for the fourth quarter.

Originations By Lender
(billions/includes home-equity lending)
Lender 2014 2013
U.S. Total $1,127.9 $1,898.2
Wells Fargo $175.0 $351.0
Chase $81.1 $167.6
Quicken $59.0 $78.9
BofA $54.5 $89.8
U.S. Bank $50.1 $84.9
PHH $36.0 $52.4
PennyMac $29.1 $31.7
Citi $25.2 $58.0
Flagstar $24.6 $37.5
Walter $19.6 $18.6
*Freedom Mortgage declined to report Q4 originations

The top 10 lenders in 2014 were responsible for 49 percent of all originations.

That same group of lenders closed more than 51 percent of all loans during 2013.

Market Share By Lender
Lender 2014 2013
Wells Fargo 15.5% 18.5%
Chase 7.2% 8.8%
Quicken 5.2% 4.2%
BofA 4.8% 4.7%
U.S. Bank 4.4% 4.5%
PHH 3.2% 2.8%
PennyMac 2.6% 1.7%
Citi 2.2% 3.1%
Flagstar 2.2% 2.0%
Walter 1.7% 1.0%

Market share at banks sank to 41 percent last year from 54 percent in 2013.

Credit unions were responsible for 10 percent of 2014 activity, climbing from just 7 percent the previous year.

At non-bank lenders, market share jumped to 48 percent from 39 percent.

Fannie Mae reported that $9.862 trillion in residential loans were being serviced as of Dec. 31, 2014.

Among mortgage servicers, Wells Fargo held on the the top spot with a $1.747 trillion portfolio.

Moving up the rankings were Nationstar Mortgage LLC, to No. 4 from No. 5 at the end of 2013; Walter, which climbed to No. 8 from No. 9, and Quicken, where its ranking improved to No. 9 from No. 10.

Ocwen Financial Corp., which hasn't yet reported data as of Dec. 31, slipped to No. 5 last year from No. 4, and PNC dropped to No. 10 from the eighth position in 2013.

Servicing Portfolios By Lender
as of Dec. 31, 2014
(billions/includes investment loans/
excludes sub-servicing)
U.S. Total $9,862.0 $9,887.0
Wells Fargo $1,747.0 $1,823.0
Chase $921.2 $983.5
BofA $693.0 $810.0
Nationstar $381.0 $392.6
Ocwen (as of Sep 30) $360.9 $465.3
Citi $315.3 $388.3
U.S. Bank $292.5 $293.4
Walter $194.8 $157.6
Quicken $161.1 $138.0
PNC $156.6 $164.9

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