Biggest Mortgage Lenders in Q1 2014

May 19, 2014, 07:00 ET from

DALLAS, May 19, 2014 /PRNewswire/ -- As mortgage originations maintained three consecutive quarterly declines, some formerly fast-growing players have stopped disclosing production data altogether. In the servicing sector, the market share of the biggest servicers was lower.

From Jan. 1 through March 31, originations from all lenders declined by an estimated 25% from the fourth quarter 2013. Activity has fallen each quarter since the second-quarter 2013.

That was based on data collected by Mortgage Daily through its First Quarter Mortgage Origination Survey and other sources.

First quarter dollar volume was an estimated $252 billion.

Companies like Mortgage Master, Fairway Independent Mortgage and Guaranteed Rate -- all which reported data when times were good -- now decline to release such data. Also refusing to provide data this time around were United Shore Financial Services, Navy Federal Credit Union and Real Estate Mortgage Network.

None of these firms, however, were among the nation's 10 biggest mortgage lenders last year.

Wells Fargo maintained a solid grip on the top spot -- closing more than twice a much as No. 2 JPMorgan Chase and grabbing a 14.3% market share.

Q1 Originations (in billions)

Wells Fargo




Quicken Loans


Bank of America


U.S. Bank


Just one company -- Stonegate Mortgage -- reported an increase in business from the fourth quarter. The growth reflects the acquisitions of Crossline Capital, Medallion Mortgage and Nationstar's wholesale business.

At the other end of the spectrum was Citi, where business was down 37%.

Wells Fargo also maintained its No. 1 standing among mortgage servicers.

Using Fannie Mae's estimate of $9.863 trillion in home loans outstanding, aggregate market share at the 10 biggest servicers slipped to 56.1 percent as of March 31 from 57.4 percent as of the end of last year.

Servicing Portfolios as of March 31 (billions)

Wells Fargo










Full Q1 2014 report (complimentary for reporters):

Quarterly mortgage production by lenders:

Mortgage origination news at:

About Mortgage Daily

Founded in 1998 by 20-year mortgage industry veteran Sam Garcia, Mortgage Daily is a leading online source of mortgage news and mortgage statistics for the mortgage industry. Mortgage Daily also publishes the Mortgage Market Index, Mortgage Litigation Index, Mortgage Fraud Index and ranking of the biggest lenders. Visit Mortgage Daily at