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Wells Fargo Leads In HE Volume.(Brief Article)
San Francisco -- Of the top residential second lien lenders during the first half of 2005, Wells Fargo Home Mortgage turned out to be the largest lender of seconds in terms of actual loans granted. San Francisco-based Wells Fargo Home Mortgage turned out 336,166 loans during 2005's first half. This is despite actually seeing a 5% decline in loan volume from the year-earlier period, as well as being the only lender in the group to experience a decline in the top 10.
A grand total of 1.96 million residential second-lien loans were granted during the first half of 2005 by the top 10 lenders, up 43% from the 1.37 million loans funded during the same period the year prior, according to figures provided by MSN's data affiliate.
Countrywide Financial Corp., Calabasas, Calif., was hot on Wells Fargo's lead in terms of number of loans funded in 2005's first half, with 326,455 seconds funded. Iselin, N.J.-based Chase Home Finance rounded out the first half of the year granting 305,480 loans, 33% more than the 229,203 loans Chase ...
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Source: HighBeam Research, Wells Fargo Leads In HE Volume.(Brief Article)