Ten Largest Prime and Subprime Lenders, 2005

September 18, 2008

From Edward M. Gramlich's new book Subprime Mortgages: America's Latest Boom and Bust. We add the last column of current status.

Ten Largest Prime and Subprime Lenders, 2005 (page 21)

Institution   Type Number of Loans  Status

Prime Lenders

     

Countrywide Finance Company

Bank

825,429

(acquired by Bank of America July 2008)

Wells Fargo & Company

Bank

791,208

 

Washington Mutual Bank

Thrift

416,053

 

Bank of America 

Bank

411,750

 

JP Morgan Chase

Bank

365,516

 

GMAC Bank 

Thrift 

314,264

 

National City Corporation

Bank

252,710

(rumored to be for sale)

Wachovia Corporation 

Bank

247,773

 

Citigroup 

Bank

202,259

 

ABN AMRO

Bank

197,383

(U.S. assets acquired by Bank of America October 2007)

Subprime Lenders

     

Ameriquest

Indep.

342,937

(ceased lending and sold August 2007)

H & R Block

Indep.

192,230

 

New Century Mortgage Corp.

Indep.

190,394

(filed bankruptcy April 2007)

Countrywide Finance Company

Bank

190,205

(acquired by Bank of America July 2008)

HSBC Holding Company

Bank

186,860

 

National City Corporation

Bank

177,509

(rumored to be for sale)

Fremont Investment and Loan

Thrift

172,781

(acquired by CapitalSource July 2008)

Washington Mutual Bank

Thrift

161,137

 

Lehman Brothers Bank

Thrift

142,093

(declared bankruptcy September 2008)

Wells Fargo & Company

Bank

130,588

 
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