Big Shakeup Among Ranks of Top-10 Lenders
Posted on November 21, 2009
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An analysis by MortgageDaily.com of home loan production indicated that overall residential volume was 22% lower in the third-quarter than in the second quarter. Bank of America Corp. unseated Wells Fargo & Co. as the biggest lender. Citigroup, which had ranked as the fourth biggest lender in the prior report, saw volume tumble by more than half — the largest quarterly decline among the 10 biggest lenders — leaving it as the sixth biggest lender in the third quarter.
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