1st Quarter, 2008 Top 5 Mortgage Lenders

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

MoneyhousesmallWhile mortgage lending is down 22 percent from the 1st 2007, it did rise 3 percent over the preceding quarter. The top lenders include embattled Countrywide Financial who is still expected to be acquired by the 4th largest lender, Bank of America.  

It is interesting to see that the banks are now taking a leadership role in mortgage lending as the mortgage brokers have come undone in the credit crunch they created. IndyMac and Washington Mutual were down over 60 percent from last year while Residential Capital was down 40 percent.

Company                  Q1 2008 Originations

Countrywide                   $73.0 billion
Wells Fargo                    $66.0 billion
JPMorgan                       $53.8 billion
Bank of America              $38.6 billion
Citigroup                        $34.3 billion

Source: Mortgage Daily

Related posts:
  1. Top 5 Mortgage Lenders By Dollar Volume For 2008
  2. Hispanic Road To Distruction in Home Buying Initiatives By Congress And Lenders
  3. WaMu Seized By FDIC - JP Morgan Takes Over
  4. Is IndyMac Bancorp Heading To Bankruptcy?
  5. Mortgage Fraud Costs Lenders 1 Billion Dollars Over Last Decade

Post a Response

« Back to text comment
  • Popular

    Most Comments

    Search

    Tags

    Archives

  • Recent Comments

    • Wow, very sad; I didn't know the guy personally but he seemed like a nice guy. I still remember the ...
      Shelton | 4Jul09 | More
    • My Representative is one of the infamous eight Republicans who voted to support this disgraceful legislation, Frank LoBiondo in South ...
      Susan | 3Jul09 | More
    • When selling our homes, what takes place should be between the seller and the buyer. Not the government. ...
      sam | 3Jul09 | More
    • Yea I guess I would be mad or should I say disappointed if I missed the cut off date for ...
      Lauren | 3Jul09 | More
    • If you haven't read this bill I could easily see how one could support it. I mean the bill ...
      Corey K | 3Jul09 | More
    • Pain is gain. I really support this, and the change may be hard but it has to be done. ...
      M Realty | 3Jul09 | More
    • I can't tell you how many people I've talked to in the past week who are completely unaware that the ...
      Trish | 3Jul09 | More
    • The liberal government policies have facilitated the expansion of the foreign involvement in the Real Estate Investment sector.
      genetic cancer testing | 3Jul09 | More
    • We all know EPA has the most murders per 100k ever. 175 murders per 100k.
      hmmm | 3Jul09 | More
    • I am confused...I closed on my house 1 April 2008, I did not get $7500 pay back or $8000 no ...
      Jeff Hammack | 2Jul09 | More
  • Statistics

  • Friends

  • Recent Friends Visiting

  • Subscribe





    Get Updates Delivered Daily By E-Mail:

    Delivered by FeedBurner