Biggest Mortgage Lenders and Servicers

DALLAS, June 8, 2015 /PRNewswire/ -- Most of the 10-largest home lenders improved on their quarterly loan originations. But among the 10-biggest servicers, half saw their portfolios diminish.

An estimated $334 billion in mortgage were closed during the three months ended March 31.

Compared to the final quarter of last year, industry-wide production ascended 11%.

The increase was more pronounced versus the first-quarter 2014, with a 36% year-over-year improvement turned in by lenders.

Based on the Mortgage Daily First Quarter 2015 Mortgage Origination Survey and an analysis of financial data reported by publicly traded lenders, Wells Fargo was the biggest home lender again.

In fact, there was no change in standing among America's eight-biggest originators. 

All of the top-10 lenders grew their business from the prior quarter except U.S. Bank and PHH.

Based on estimated market share, the top-10 lenders were responsible for almost half of all production during the first-quarter 2015.

First-quarter originations at Impac Mortgage soared 106% from the fourth-quarter 2014 -- the biggest quarter-over-quarter gain by lenders tracked by Mortgage Daily.

With a 16% drop between the fourth-quarter 2014 and the first-quarter 2015, Stonegate Mortgage saw the biggest decline.

An estimated $9.9 trillion in mortgages were outstanding as of the first quarter.

Well Fargo was the biggest mortgage servicer in the country.

There was no change in ranking among the 10-biggest servicers compared to the fourth-quarter 2014. But five of the top-10 servicers all saw a decline in the size of their servicing portfolios.

Full Q1 2015 report (complimentary for reporters):
http://www.MortgageDaily.com/stories/BiggestLenders060815.asp?spcode=pr

Quarterly mortgage production by lenders:
http://www.mortgagedaily.com/FundingsConforming.asp?spcode=pr

Mortgage origination news at:
http://www.mortgagedaily.com/Fundings.asp?spcode=pr

About Mortgage Daily
Founded in 1998 by 20-year mortgage industry veteran Sam Garcia, Mortgage Daily is a leading online source of mortgage news and mortgage statistics for the mortgage industry. Mortgage Daily also publishes the Mortgage Market Index, Mortgage Litigation Index, Mortgage Fraud Index and ranking of the biggest lenders. Visit Mortgage Daily at www.MortgageDaily.com.

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SOURCE MortgageDaily.com