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%).
Showing posts with label PHH. Show all posts
Showing posts with label PHH. Show all posts
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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