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|
- Foreclosures: Plenty to Buy. More To Come
- Real Estate Pros Meet Up With Home Buyers, Sellers and Owners at RealtyJoin
- Underwater With Your Mortgage? Maybe You Should Walk Away
- Underwater With Your Mortgage? Drowning in Debt? More Homeowners Are Ignoring Money Problems
- 2010 Will Start Strong, But What Happens After The Home Buyer Tax Credits Disappear?
- Home Sales, Prices Falling
- Can't Afford Your Mortgage? Try Robbing Banks