Biggest U.S. Mortgage Firms

DALLAS, March 16, 2015 /PRNewswire/ -- While there was no change in the top-five ranking of home lenders, the concentration of business among the 10 largest lenders dropped. Banks gave up significant market share to nonbanks and credit unions.

Residential loan originations by all lenders was an estimated $301 billion during the fourth-quarter 2014, according to data compiled by Mortgage Daily.

Business slumped compared to the $311 billion in estimated production generated during the third quarter. 

But activity picked up modestly from $297 billion a year earlier.

Full-year 2014 volume for home lenders amounted to $1.128 trillion, tumbling from the $1.898 trillion in real estate loans closed during 2013.

Based on data collected for the Mortgage Daily Fourth Quarter 2014 Mortgage Origination Survey, Wells Fargo solidly maintained its No. 1 position during the latest three-month period.

For all of last year, the rankings were the same as for the fourth quarter.

The top 10 lenders in 2014 were responsible for 49 percent of all originations. 

That same group of lenders closed more than 51 percent of all loans during 2013.

Market share at banks sank to 41 percent last year from 54 percent in 2013.

Credit unions were responsible for 10 percent of 2014 activity, climbing from just 7 percent the previous year.

At nonbank lenders, market share jumped to 48 percent from 39 percent.

Among servicers, Wells Fargo held on the the top spot.

Moving up the rankings were Nationstar, Walter and Quicken.

Full Q4 2014 report (complimentary for reporters):
http://www.MortgageDaily.com/stories/BiggestLenders031615.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 Mortgage Daily