Who were the biggest lenders in 4Q in 2011 for home loans?
According to MortgageDaily.com’s 2011 Mortgage Lender Ranking, Industry-wide production during all of 2011 was around $1.3 trillion, falling from approximately $1.6 trillion the previous year. And the government’s role in residential finance was reduced last year.
Fourth-quarter mortgage originations by all lenders were an estimated $381 billion, up from approximately $317 billion closed three months earlier.
The biggest fourth-quarter lender was Wells Fargo, which reported that volume climbed to $120 billion from the third quarter’s $89 billion.
The biggest fourth-quarter lender was Wells Fargo, which reported that volume climbed to $120 billion from the third quarter’s $89 billion.
The number 3 spot went to Bank of America, who saw production fall more than any other top-ten lender as it quit correspondent lending.
U.S. Bancorp gave the best performance, where production climbed 51 percent.
Top 4Q originators
1. Wells Fargo
2. Chase
3. Bank of America
4. Citi
5. U.S. Bancorp
There were $206 billion in loans insured by FHA last year, giving FHA a market share around 16 percent, down from 19 percent in 2010.
Top 4Q originators
1. Wells Fargo
2. Chase
3. Bank of America
4. Citi
5. U.S. Bancorp
There were $206 billion in loans insured by FHA last year, giving FHA a market share around 16 percent, down from 19 percent in 2010.
Loans purchased or guaranteed by Fannie Mae or Freddie Mac accounted for approximately 74 percent of 2011 business – lower than the 78 percent share a year earlier.
The government owns FHA and controls Fannie and Freddie, putting the country on the hook for around 90 percent of mortgages originated last year. However, that was lower than the approximately 97 percent government market share in 2010.
Wells Fargo dominated annual rankings despite an 8 percent decline. Bank of America, Chase and Wells Fargo were responsible for about half of all production during 2011. PHH saw annual production rise 6 percent, the best annual performance of any top-ranking lender.
Top 2011 lenders
1. Wells Fargo
2. Bank of America
3. Chase
4. Citigroup
5. Ally
6. PHH
7. U.S. Bancorp
8. Quicken
9. Flagstar
10. BB&T
Based on mortgage servicing portfolios, including third-party servicing, mortgages owned and home-equity assets, Wells Fargo’s $1.822 trillion portfolio was the biggest.
Top 2011 servicers
1. Wells Fargo
2. Bank of America
3. Chase
4. Citigroup
5. Ally
6. U.S. Bancorp
7. PNC
8. PHH
9. SunTrust
10. OneWest
From: Florida Realtors®
The government owns FHA and controls Fannie and Freddie, putting the country on the hook for around 90 percent of mortgages originated last year. However, that was lower than the approximately 97 percent government market share in 2010.
Wells Fargo dominated annual rankings despite an 8 percent decline. Bank of America, Chase and Wells Fargo were responsible for about half of all production during 2011. PHH saw annual production rise 6 percent, the best annual performance of any top-ranking lender.
Top 2011 lenders
1. Wells Fargo
2. Bank of America
3. Chase
4. Citigroup
5. Ally
6. PHH
7. U.S. Bancorp
8. Quicken
9. Flagstar
10. BB&T
Based on mortgage servicing portfolios, including third-party servicing, mortgages owned and home-equity assets, Wells Fargo’s $1.822 trillion portfolio was the biggest.
Top 2011 servicers
1. Wells Fargo
2. Bank of America
3. Chase
4. Citigroup
5. Ally
6. U.S. Bancorp
7. PNC
8. PHH
9. SunTrust
10. OneWest
From: Florida Realtors®
