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Biggest Mortgage Lenders from MortgageDaily.com

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07-28-2008, 03:30 AM

Veronica Corningstone Veronica Corningstone is offline

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Biggest Mortgage Lenders from MortgageDaily.com

With $63 billion in second-quarter fundings, Wells Fargo & Co. emerged as the biggest U.S. mortgage lender, according to an analysis of second-quarter earnings data by MortgageDaily.com. JPMorgan Chase & Co., which reported $61 billion in residential originations -- including home-equity fundings, secured the second spot on the list of biggest lenders. Countrywide Financial Corp., which has long held the top spot, saw its second-quarter loan production plummet to less than $60 billion -- ranking it as the third biggest lender.

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