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 |