March 26, 2009
Wells Fargo Tops Bay Area Lending
Mortgage Data Web sent me an email today with the top mortgage lenders in the Bay Area for January of this year. I broke out the purchases from the re-fi’s to give you a sense of who the top players in each category are if you’re looking either to buy or re-fi.
| Market Share | Total | Purchase | Refi | ARMs | Constr. | Total $(000) | |
| Wells Fargo | 19.16% | 1640 | 183 | 1457 | 13 | 18 | $616,824 |
| Bank of America | 9.67% | 914 | 208 | 706 | 118 | 20 | $311,214 |
| Provident Funding Associates | 6.28% | 571 | 68 | 503 | 0 | 5 | $202,279 |
| Countrywide | 4.97% | 425 | 78 | 347 | 16 | 4 | $160,133 |
| Flagstar Bank | 3.90% | 317 | 49 | 268 | 0 | 3 | $125,681 |
| JP Morgan Chase | 3.75% | 329 | 26 | 303 | 15 | 9 | $120,577 |
| Citicorp | 3.31% | 309 | 36 | 273 | 58 | 3 | $106,682 |
| Fremont Bank | 3.27% | 464 | 5 | 459 | 14 | 4 | $105,337 |
| Ohio Savings Bank | 2.40% | 206 | 27 | 179 | 0 | 0 | $77,425 |
| Metlife | 2.01% | 135 | 24 | 111 | 1 | 0 | $64,857 |
It’s interesting to note the huge re-fi boom, the unpopularity of ARMs and what seems to be a relatively high number of construction loans all things considered.
Note: I don’t know why there is a few off by one errors.
