Well's has a delinquency rate of 4.9% versus Citi's 6% and Chase's 5.6%.
And it's foreclosure rate is 2.3% vs. 4.1% at Bank of America.
Showing posts with label Chase. Show all posts
Showing posts with label Chase. Show all posts
Wednesday, September 26, 2012
Wells Fargo Foreclosure Rate and Delinquencies
Wells Fargo's recent presentation given this september at the Barclays conference shows thatthe company has some of the lowest rates of foreclosure and delinquency on mortgages of any large bank.
Well's has a delinquency rate of 4.9% versus Citi's 6% and Chase's 5.6%.
And it's foreclosure rate is 2.3% vs. 4.1% at Bank of America.
Well's has a delinquency rate of 4.9% versus Citi's 6% and Chase's 5.6%.
And it's foreclosure rate is 2.3% vs. 4.1% at Bank of America.
Sunday, December 28, 2008
Q3-2008 vs Q3-2007 Alt-A Mortgage Originators
Q3-2008 (vs. Q3-2007) saw an even bigger decline in Alt-A mortgage originations than the Q2-08 vs. Q2-07 data point. The Top-10 Alt-A companies underwrote $1.55 Billion in Alt-A mortgages in Q3-2008, which is an 88% decline from the $13.2Billion of business done in Q3-2007.
Again, ResCap (GMAC) and Chase were the biggest drivers of the decline--Down $4.7Billion and $2.4Billion respectively.
Top-10 Alt-A Mortgage Originators Q2-2008 vs Q2-2007
The Top-10 Alt-A mortgage originators in Q2-2008 did 81% fewer Alt-A mortgages in Q2-2008 vs. Q2-2007, as Alt-A mortgages in Q2-2008 amounted to $2.6 billion vs $13.6 billion from those same companies in the prior year; with the biggest cut-backs coming from Chase and ResCap (GMAC) Mortgage.
Monday, December 22, 2008
Q3 2008 Top 10 Mortgage Originators
The Top-10 mortgage originators in Q3-2008 originated $230 billion of mortgages in Q3-2008, which is 29% less than the $323 billion of business that they did in Q3-2007.
It's also interesting to note that Bank of America's increase in business was driven by their acquisition of Countrywide Mortgage. In the quarter, Washington Mutual (WaMu) had the distinction of having the largest drop in business--on both dollar terms ($24 billion less) and percentage decrease (down 71%).
It's also interesting to note that Bank of America's increase in business was driven by their acquisition of Countrywide Mortgage. In the quarter, Washington Mutual (WaMu) had the distinction of having the largest drop in business--on both dollar terms ($24 billion less) and percentage decrease (down 71%).
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%.
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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