U.S. Mortgage Market Share Changing. There’s Room For Smaller Lenders.

The good news for “smaller” lenders is that the market share of the big banks seems to be dropping. The latest figures from 4Q 2012 reflect this. Looking at total originations and market share, the top 10 ranking goes:

– Wells Fargo (25%)
– Chase (11%)
– Quicken Loans (5%)
– US Bank (5%)
– Bank of America (4%)
– Citi (4%)
– Flagstar (3%)
– PHH (3%)
– PennyMac (2%)
– Ally (2%)

These figures from @NatMortgageNews show two things:

(1) Wells market share no longer equals the other nine combined, and

(2) The total of the top 10 is roughly 64%, leaving plenty of the $1+ trillion market to be divvied up.

$XLF, $WFC, $JPM, $BAC, $C, $FBC, $PMT