Biggest Mortgage Servicers and Lenders

                    Biggest Mortgage Servicers and Lenders

PR Newswire

DALLAS, Nov. 12, 2012

DALLAS, Nov. 12, 2012 /PRNewswire/ --Market share was a little less
concentrated at the top during the third quarter, according to Mortgage
Daily's mortgage lender ranking. Business improved from the second quarter and
looks likely to hold through year-end. The servicing landscape is undergoing a

Data collected by Mortgage Daily indicate Q3 residential originations climbed
more than 11% from Q2. That put Q3 production around $475 billion.

Behind the strength was energized HARP 2.0 activity.

Mortgage Daily's findings were based on origination data for 29 lenders that
accounted for around 77% of the total estimated market.

Using weekly data from the Mortgage Market Index report from Mortech and
Mortgage Daily, it looks like fourth quarter production might not be much
different than Q3.

FHA loans accounted for about 13% of Q3 originations. FHA Q2 share was a
revised 14%.

Fannie Mae and Freddie Mac were responsible for around 74% of Q3 activity, not
much changed from revised Q2 share of 73%.

While the five-biggest lenders maintained their Q2 standings, all but Quicken
Loans and Bank of America saw a decline in market share. Combined share for
the top five was 53%, a little less concentrated than Q2's revised 54% share.

Biggest Q3 Lenders
Rank Lender
1.   Wells   29.3%
2.   Chase   10.0%
3.   USBank  4.5%
4.   BofA    4.5%
5.   Quicken 4.2%

PennyMac achieved the biggest increase from Q2, then Stonegate Mortgage,
United Shore Financial Services and Quicken. Fifth Third had the worst

Compared to the third-quarter 2011, PennyMac had the biggest gain. Next were
Stonegate and United Shore. The worst record was Ally Financial's.

A shakeup in progress is likely to significantly alter the biggest servicer
lineup. Ocwen Financial plans to acquire Homeward Residential and ResCap
mortgage assets. Nationstar Mortgage and Walter Investment each reported
servicing rights of at least $500 billion in their acquisition pipelines.

Biggest Servicers as of 9/30
Rank       Servicer
1.         Wells Fargo
2.         BofA
3.         Chase
4.         Citigroup
5.         USBank

Full third-quarter report: 

Quarterly mortgage production by lenders:

Mortgage origination news at:


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. Visit Mortgage Daily at

Holly Himelright
3811-700 Turtle Creek Blvd.
Dallas, TX 75219

SOURCE Mortgage Daily
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