Volume 2014 - Number 2
January 16, 2014
Downloads Available: Top Mortgage Lenders - 3Q13 (100 lenders)
Megabank Production Volume Down Sharply in 4Q13, But Did the Nonbanks Gain Market Share?
The nations three largest funders of home mortgages Wells Fargo, JPMorgan Chase and Bank of America this week reported hefty declines in originations during the fourth quarter of 2013. Wells originated $50 billion in residential mortgages during the fourth quarter, a stunning 60 percent decline from the same period a year earlier. The last time this perennial market leader had fundings this low was in the fourth quarter of 2008 when financial markets were reeling worldwide and the U.S. housing market was in the throes of an historic collapse. But Wells closest competitors fared...[Includes one data chart]
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