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Biggest Mortgage Lenders

October 22, 2007

DALLAS, /PRNewswire/ -- A preliminary analysis of third quarter earnings data indicates residential mortgage originations fell 19.19 percent from the second quarter, according to -- a dominant source of online news for the mortgage industry.

Countrywide Financial Corp. reported $95 billion third quarter production -- sinking from $130.2 billion the prior quarter. Despite the decline, the lender still ranks as the biggest in the country. Countrywide said it serviced about 9 million loans for $1.46 trillion as of Sept. 30.

Wells Fargo & Co. came in next with $68 billion in reported fundings. The San Francisco-based company saw its volume decline 15 percent from the prior period. Wells' residential servicing portfolio ended the quarter at around $1.32 trillion.

The No. 3 spot went to JPMorgan Chase & Co., which announced mortgage production was $50 billion -- declining from $58.7 billion the prior quarter. JPMorgan's third party mortgage servicing portfolio was $600.0 billion, according to the data.

The following ranking reflects the biggest mortgage lenders by third quarter 2007 originations, including residential mortgage production and home equity loan fundings:


Rank Company Production



$94.6 billion


Wells Fargo   

$68.0 billion


Chase Home Finance     

$50.4 billion

4 Bank of America   $48.0 billion



$36.6 billion

This table reflects the biggest mortgage lenders by residential
servicing portfolio size as of Sept. 30, 2007:


Rank Company   Servicing Portfolio


Countrywide $1.46 trillion


Wells Fargo $1.32 trillion


Chase Home Finance   $0.60 trillion
4 CitiMortgage $0.58 trillion


Bank of America $0.38 trillion

In depth mortgage production by lender, as well as subprime, Alt-A, home equity and conforming originations are reported. Volume by quarter since 2003 also reported at:


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