Mortgage Daily Logo

Biggest Mortgage Lenders in Q3Chase$22.0$17.6$41.1Chase $932.8

Mortgage News

Residential lenders lifted loan originations in the third quarter from the prior period but fell short of their year-earlier levels. There was a new No. 4 lender and No. 4 servicer.

Mortgage bankers originated an estimated $320 billion in mortgages during the period that started on July 1 and ended on Sept. 30.

Home lending activity increased from an estimated $300 billion in mortgage production generated during the second quarter.

During the first nine months of 2014, national production amounted to an estimated $890 billion.

Wells Fargo & Co. solidly remained the biggest lender in the country with $48 billion in third-quarter 2014 originations.

Also holding on to its prior-quarter ranking was No. 2 JPMorgan Chase & Co. with $22 billion in volume.

At $16.1 billion in third-quarter production, Quicken Loans Inc. overtook Bank of America Corp. as the third-biggest lender.

The data were collected by Mortgage Daily for its Third Quarter 2014 Mortgage Origination Survey.

Originations By Lender
(billions/includes home-equity lending)

Lender Q3 2014 Q2 2014 Q3 2013
Wells Fargo $48.0 $47.0 $80.0
Chase $22.0 $17.6 $41.1
Quicken $16.1 $13.1 $17.0
BofA $14.9 $13.7 $24.4
U.S. Bank Home Mortgage $13.2 $11.6 $21.5
PHH Mortgage $9.9 $9.3 $14.8
PennyMac Mortgage Investment Trust $8.6 $7.4 $8.0
Flagstar Bancorp Inc. $7.2 $6.0 $7.7
Citigroup Inc. $7.1 $6.2 $14.5
Freedom Mortgage Corp. $6.8 $5.7 $2.7

Among lenders that generated at least $1 billion in third-quarter production, Navy Federal Credit Union saw the biggest increase in originations from the second quarter: 33 percent.

At the other end of the spectrum was Nationstar Mortgage LLC, where activity was down 7 percent.

Mortgage Daily data indicate that total U.S. originations fell 31 percent from the third-quarter 2013.

However, business skyrocketed 148 percent at Freedom Mortgage — the best year-over-year performance.

Fifth Third Bancorp, on the other hand, saw originations plummet by 56 percent — the biggest decline from a year earlier.

Fannie Mae estimates that there were $9.849 trillion in total mortgages outstanding as of the third quarter.

Servicing $1.772 trillion of U.S. outstandings was Wells Fargo — the biggest servicer in the country.

The only change in position among the 10 largest servicers was Nationstar, which displaced Ocwen Financial Corp. as the fourth-biggest servicer.

Servicing Portfolios By Lender
as of Sept. 30, 2014
(billions/includes investment loans/
excludes sub-servicing)

U.S. Total $9,855.0
Wells Fargo $1,772.0
Chase $932.8
BofA $722.0
Nationstar $378.0
Ocwen $360.9
U.S. Bank $292.4
Citi $266.6
Walter Investment Management Corp. $183.7
PNC Financial Services Group Inc. $159.9
Quicken $154.0

Related Posts

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

There is No Such Thing as a Free House …

Over the past several years, those who service loans in the State of Washington(1) have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Mortgage Servicer Portfolios

servicing news | mortgages outstanding statistics | foreclosure news   Servicing Portfolios as of 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 Residential Servicing Portfolios by Servicer Last Updated December 14, 2018...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC filings | execs | m&a | production   Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move --...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Freddie Mac Profile

Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move -- which is likely to push mortgage rates lower and provide a sense of stability for the more than 10,000 employees at both companies -- is a...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam