Who Are The Biggest Mortgage Lenders?

Last Updated Mar 15, 2010 11:15 AM EDT

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%
In 2003, when MortgageDaily.com started keeping these records, the top mortgage lender landscape looked a little different:

RIP Countrywide and Washington Mutual.

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Ilyce R. Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and the upcoming Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com.
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    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns ThinkGlink.com, where readers can find real estate and personal finance resources.