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 Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics
