Who Are The Biggest Mortgage Lenders?
MortgageDaily.com just released its annual ranking of the biggest mortgage lenders in the U.S for 2009. The results are interesting.
Wells Fargo saw its residential business jump 83 percent, to put it in first place for residential home loans in 2009. It was also the top residential lender in 2008, according to MortgageDaily.com.
Bank of America saw its residential home loan business jump 116 percent, presumably because of the acquisition of Countrywide Financial's offices, including loan officers with their fat "black books." It passed JP Morgan Chase to claim the title of the second biggest residential lender.
JP Morgan Chase and Citigroup saw its share of residential home loans fall. Citigroup had plenty of other issues to deal with, including the near meltdown of their core business and dealing with Uncle Sam as a significant owner of the company.
| 2009 Rank | Lender | Change from 2008 |
| 1 | Wells | +83% |
| 2 | BoA | +116% |
| 3 | JPMorgan | -17% |
| 4 | Citigroup | -22% |
| 5 | GMAC | +17% |
RIP Countrywide and Washington Mutual.
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