Sunday, December 21, 2008

Top 10 Mortgage Providers Originate much fewer loans in Q2-2008 vs Q2-2007

Comparing Q2-2008 Mortgage origination figures with Q2-2007, you can see that there was a significant decrease in mortgages underwritten.The top-10 Mortgage originators did $320 billion in originations in Q2-2008 compared to $507 billion, from those same companies in Q2-2007. In dollar terms Countrywide shrunk from $130 billion to $59 billion; While Washington Mutual (WaMu) saw the biggest percent decline--Down 74%.

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