Top 5 Mortgage Lenders for 2008
February 19, 2009The numbers are in and we’ve got a list of the Top 5 Mortgage Lenders in the country from last year:
- Wells Fargo & Co. – Originated $230 billion in loans. Acquiring Wachovia (aka “Watch Ova Ya”, or “Walk All Ova Ya” towards the end of the year helped push Wells to #1 on the list.
- JP Morgan Chase & Co. – Originated $185.3 billion in loans and ranked #2 on the countdown. The acquisition of WaMu in 2008 helped drive numbers upward.
- Bank of America Corporation – Just edged out, BofA came in at #3 with $181 billion in loans originated for 2008.
- Countrywide – Originated $132 billion in loans before its acquisition by BofA.
- Citigroup – Ranked #5 with $104.3 billion in originations.
Overall, originations were down 36% from 2007 to 2008.
Source: Charlotte Business Journal
Portfolio lender, Corleone Cash, LLC, just missed the list last year. Heads are gonna roll!
We're glad the Don is one of our clients. He's been extremely effective at acquiring real estate, as seen in this chart.
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