Mortgage originations soared more than 48 percent in the second quarter compared to a year ago, Mortgage Daily reports. Mortgage originations were up 4.6 percent in the second quarter over the first quarter.
More than half of all mortgage origination volume in the second quarter was done by the four largest lenders, with Wells Fargo continuing to dominate. Wells Fargo has about 32.5 percent of the market share in the mortgage market.
The four largest mortgage lenders in the second quarter are:
- Wells Fargo: 32.5% mortgage market share
- Chase: 11%
- USBank: 5.4%
- Bank of America: 4.7%
Source: “Biggest U.S. Mortgage Lenders,” MarketWatch (Aug. 13, 2012)
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Mortgage originations soared more than 48 percent in the second quarter compared to a year ago, Mortgage Daily reports. Mortgage originations were up 4.6 percent in the second quarter over the first quarter.
The Agency Florida 