Biggest Mortgage Lenders in 2012

                       Biggest Mortgage Lenders in 2012

PR Newswire

DALLAS, Feb. 25, 2013

DALLAS, Feb. 25, 2013 /PRNewswire/ -- Mortgage companies increased
originations last year, and there was some shifting among the five-biggest
lenders. A new No. 3 lender emerged in the fourth quarter, and volume during
the current quarter is likely to slow. Among mortgage servicers, three growing
players have ascended to top-10 positions.

Residential lenders originated around 3% more in U.S. loans during the fourth
quarter than in the third quarter, according to the 2012 Mortgage Lender
Ranking from Mortgage Daily. Activity includes residential and home-equity
originations and was based on surveys, earnings data and other data.

Compared to the fourth-quarter 2011, production grew 17%.

Wells Fargo maintained its stranglehold on the Q4 leader, and Quicken Loans
ascended from the No. 5 spot in Q3 to No. 3 this time around.

Q4 2012
Rank Lender
1.   Wells
2.   Chase
3.   Quicken
4.   BofA
5.   USBank

An analysis of the U.S. Mortgage Market Index report from Optimal Blue and
Mortgage Daily indicates that first-quarter originations are likely to fall
16% from Q4 2012.

For all of 2012, home lending by all lenders was up 30% from 2011.

Including FHA-insured loans and estimated VA volume, government share worked
out to around 20% of the mortgage market.

Fannie Mae and Freddie Mac collectively financed approximately 73% of last
year's originations.

Wells Fargo ranked as 2012's biggest lender.

Annual Originations
2012 Rank  Lender
1.         Wells
2.         Chase
3.         USBank
4.         BofA
5.         Quicken

Wells Fargo remained the country's biggest mortgage servicer.

BofA reduced its servicing portfolio 21% in 2012, while Ally Financial saw its
portfolio decline 63% as a result of ResCap's bankruptcy.

Ocwen and Nationstar nearly doubled their portfolios.

Although it didn't make the top-10 list, Walter Investment recently acquired
MSRs that keep it in contention with Ocwen and Nationstar.

In addition to third-party servicing, total servicing includes
held-for-investment residential and home-equity assets.

Servicing Portfolios
as of Dec. 31, 2012
Rank   Servicer
1.     Wells Fargo
2.     BofA
3.     Chase
4.     Citi
5.     USBank

Full 2012 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

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