You're Now Reading:
Five Mortgage Lenders Dominate Mortgage Loan Market
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Five Mortgage Lenders Dominate Mortgage Loan Market
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Five Mortgage Lenders Dominate Mortgage Loan Market
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

October 10 2010 (Chris Moore)
Wells Fargo Bank
Ten years ago the top five mortgage lenders held approximately 29% of the overall residential mortgage market. Today the top five mortgage lenders hold an estimated 62% of the market. Incredibly, it’s estimated the top 10 mortgage lenders command 72% of the residential mortgage market, up from just shy of 40% 10 years ago.

Surely as a sign of the current economic times, many mortgage lenders and brokers have gone the wayside due to the downturn in the housing market. But this could also have a negative impact when the housing market recovers because less choices means less competition. And some of the large lenders, like Bank of America, are also cutting competition by closing their wholesale divisions which means they will no longer do business with brokers.

According to Mortgagestats.com, here is the list of the top ten residential mortgage lenders through the 2nd quarter of 2010:

Residential Lenders Ranked by Total Volume

Dollars in Millions
Rank Company 2010Q2
1
Wells Fargo & Company
$82,996
2
Bank of America
$74,075
3
Chase
$33,687
4
Ally Bank/Residential Capital, LLC (GMAC)
$13,160
5
CitiMortgage, Inc.
$12,169
6
U.S. Bank Home Mortgage
$10,685
7
PHH Mortgage
$10,057
8
SunTrust Bank
$6,995
9
MetLife Home Loans
$5,517
10
Branch Banking & Trust Company
$5,394

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

October 10 2010 (Chris Moore)
Wells Fargo Bank
Ten years ago the top five mortgage lenders held approximately 29% of the overall residential mortgage market. Today the top five mortgage lenders hold an estimated 62% of the market. Incredibly, it’s estimated the top 10 mortgage lenders command 72% of the residential mortgage market, up from just shy of 40% 10 years ago.

Surely as a sign of the current economic times, many mortgage lenders and brokers have gone the wayside due to the downturn in the housing market. But this could also have a negative impact when the housing market recovers because less choices means less competition. And some of the large lenders, like Bank of America, are also cutting competition by closing their wholesale divisions which means they will no longer do business with brokers.

According to Mortgagestats.com, here is the list of the top ten residential mortgage lenders through the 2nd quarter of 2010:

Residential Lenders Ranked by Total Volume

Dollars in Millions
Rank Company 2010Q2
1
Wells Fargo & Company
$82,996
2
Bank of America
$74,075
3
Chase
$33,687
4
Ally Bank/Residential Capital, LLC (GMAC)
$13,160
5
CitiMortgage, Inc.
$12,169
6
U.S. Bank Home Mortgage
$10,685
7
PHH Mortgage
$10,057
8
SunTrust Bank
$6,995
9
MetLife Home Loans
$5,517
10
Branch Banking & Trust Company
$5,394

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

October 10 2010 (Chris Moore)
Wells Fargo Bank
Ten years ago the top five mortgage lenders held approximately 29% of the overall residential mortgage market. Today the top five mortgage lenders hold an estimated 62% of the market. Incredibly, it’s estimated the top 10 mortgage lenders command 72% of the residential mortgage market, up from just shy of 40% 10 years ago.

Surely as a sign of the current economic times, many mortgage lenders and brokers have gone the wayside due to the downturn in the housing market. But this could also have a negative impact when the housing market recovers because less choices means less competition. And some of the large lenders, like Bank of America, are also cutting competition by closing their wholesale divisions which means they will no longer do business with brokers.

According to Mortgagestats.com, here is the list of the top ten residential mortgage lenders through the 2nd quarter of 2010:

Residential Lenders Ranked by Total Volume

Dollars in Millions
Rank Company 2010Q2
1
Wells Fargo & Company
$82,996
2
Bank of America
$74,075
3
Chase
$33,687
4
Ally Bank/Residential Capital, LLC (GMAC)
$13,160
5
CitiMortgage, Inc.
$12,169
6
U.S. Bank Home Mortgage
$10,685
7
PHH Mortgage
$10,057
8
SunTrust Bank
$6,995
9
MetLife Home Loans
$5,517
10
Branch Banking & Trust Company
$5,394

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.