Home |  Contact Us |  Bookmark This Page
Listings Available Today  

 Welcome to the iSellUtahCounty.com Blog

2010-11-02 14:10:11
Top mortgage lenders First Quarter 2010

wells fargo

Below is a list of the top 10 residential mortgage lenders in the first quarter of 2010, based on data from MortgageStats.com.

Each bank in the top 10 saw fundings drop compared to a year earlier, with many seeing declines of 25-50 percent.

Wells Fargo led the way with $77 billion in first quarter originations, followed closely by Bank of America with $71.5 billion and Chase with $32.8 billion.

The San Francisco-based bank and mortgage lender held a 24 percent market share, while Bank of America grabbed 22 percent and Chase took 10 percent.

The numbers dropped off significantly from there, with Ally Bank/ResCap (GMAC) doing just $13 billion in lending volume, followed by CitiMortgage with $11 billion and U.S. Bank Home Mortgage with $9 billion.

The biggest year-over-year loser was SunTrust, which saw fundings fall 58 percent from the first quarter of 2009, back when refinancing was the hot ticket.

Top 10 Mortgage Lenders First Quarter 2010

1. Wells Fargo – $77 billion (-25%) 23.90% market share
2. Bank of America – $71.5 billion (-20%) 22.19% market share
3. Chase – $32.8 billion (-16%) 10.16% market share
4. Ally Bank/ResCap (GMAC) – $13 billion (-2%) 4.02% market share
5. CitiMortgage, Inc. – $11 billion (-55%) 3.43% market share
6. U.S. Bank Home Mortgage – $9 billion (-33%) 2.78% market share
7. PHH Mortgage – $7.8 billion (-12%) 2.43% market share
8. SunTrust Bank – $5.6 billion (-58%) 1.75% market share
9. Provident Funding Associates – $5.3 billion (-52%) 1.65% market share
10. Branch Banking & Trust Company – $5.2 billion (-33%) 1.60% market share

The market share information is based on an estimated total market size of $322,551,000,000.

 
Blog Archive
2011-01-27 11:44:18
Pre-Foreclosures: Here are the numbers

2011-01-10 14:15:35
Corelogic Summary

2011-01-10 14:11:18
Updated Utah Foreclosure Information

2010-12-14 17:09:46
Underwater mortgage's down nationwide

2010-12-07 14:10:56
Short Sale Info Video

2010-12-07 14:06:00
Video on how to deal with a subprime loan and pote

2010-12-07 14:01:11
How to buy a home video

2010-12-02 11:19:25
Loan Modifications leading to FORECLOSURES?

2010-12-02 09:35:13
Freddie Mac Postpones Evictions until after the fi

2010-11-16 14:01:51
2 New Pre-Marketing Foreclosure Listings

2010-11-02 14:10:11
Top mortgage lenders First Quarter 2010

2010-10-26 15:42:11
Fannie and Freddie Bailouts coupld hit 363 billion

2010-10-26 15:38:14
More info in Bank of America and Short Sales

2010-10-05 09:33:08
Utah County Statistics

2010-10-05 09:26:47
How to get your short sale approved

2010-09-16 14:08:22
Short Sales and Arm's Length Transaction

2010-09-02 11:35:27
Mother-to-Be Financing Information

2010-09-02 11:30:02
FHA PROGRAM FOR UNDERWATER MORTGAGES

2010-09-02 11:11:27
Payson Utah

2010-09-02 11:10:19
Spanish Fork Utah

2010-09-02 11:08:36
Provo Utah

2010-09-02 11:07:28
Orem Utah

2010-09-02 11:06:23
Lindon Utah

2010-09-02 11:04:56
Pleasant Grove Utah

2010-09-02 11:03:42
American Fork, Utah

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.