GSE Market Profile: First Half 2011
With housing markets still in very fragile condition and a wavering economic recovery, policymakers in the federal government have made little effort to overhaul a mortgage finance system that remains heavily dependent on two entities, Fannie Mae and Freddie Mac.
California remains the biggest source of home mortgages for Fannie and Freddie, accounting for 22 percent of their business during the first half of 2011. Fannie captured 64 percent of the state’s GSE business, and 63 percent of GSE mortgage sales nationwide. California produced 31 percent of the ARMs securitized by Fannie and Freddie in 2011.
Wells Fargo produced $107 billion of Fannie and Freddie MBS during the first six months of the year. That was up 2 percent, somewhat slower than the 5 percent overall growth in the GSE market compared to the same period in 2010. A number of other competitors – Chase Home Finance, GMAC/Ally, U.S. Bank and PHH Mortgage – all posted substantially bigger gains.
This special report, GSE Market Profile: First Half 2011, contains the latest GSE data and trends to help you stay competitive and see where opportunities lie in your market coverage. Find out who are the top 50 GSE lenders by state and volume. Data are from January through June 2011.
You’ll find statistics and analysis of the top 50 GSE lenders with the following breakdowns for each state:
- Overall GSE Sales
- Fannie Mae Sales
- Freddie Mac Sales
- Fixed-Rate Mortgage Sales
- Adjustable-Rate Mortgage Sales
- Comparisons of First Half 2011 to First Half 2010,
Both at State and Lender Level - More Than 80 Pages of Data
The lender analysis pages (top 25 lenders) list production by state with sales figures for Fannie and Freddie separately. The report also provides data for Puerto Rico, DC, Guam, and the U.S. Virgin Islands, and other details on Fannie and Freddie individually.
See how much business the top 25 lenders do in each state broken out by Fannie and Freddie business:
- Bank of America
- Wells Fargo
- Chase Home Finance
- CitiMortgage
- SunTrust Mortgage
- PNC Mortgage
- Fifth Third Bank
- Everbank
- PHH Mortgage
- U.S Bank
- ...and more.
This study is based on the GSE MarketScope, a database and analytic tool developed by Inside Mortgage Finance Publications that is available on a monthly subscription basis. The data are derived from pool-level MBS disclosures by Fannie and Freddie. Most pools are backed by loans from a single seller, and in the case of the major lenders that includes mortgages acquired from correspondents and mortgage brokers.
