Ten Largest Prime and Subprime Lenders, 2005

September 18, 2008

Joseph Bishop-Henchman

Gerald Prante

Joseph Bishop-Henchman, Gerald Prante

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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