Sep 27, 2009

Top FHA Lenders - Q3, 2009

With TBW out of the picture, there is a gaping hole at the top of the market share pie for FHA mortgages originated by mortgage brokers. According to Inside Mortgage Finance's new special report "FHA Market Profile: First Half 2009," TBW was by far the largest wholesale purchaser of FHA mortgages in the first six months of this year with $5.37 billion in volume.

Wells Fargo was the second largest with $4.24 billion in FHA mortgages purchased from brokers. In third place was Flagstar Bank with $3.07 billion in FHA broker business, followed by MetLife Bank in fourth place with $2.37 billion in volume. Rounding out the top five FHA wholesalers in the first half was Bank of America with $1.92 billion in business.

PrivoCorp has processed loans for all the above lenders having done the maximum work with TBW, followed by MetLife, Wells Fargo, Bank of America and finally Flagstar in that order.

No comments: