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Mortgage Lending Tumbles In 2nd Quarter

Dennis Norman St Louis RealtorA report by MortgageDaily.com shows that 20 percent fewer borrowers obtained a home loan in the second quarter of 2011 than in the first quarter. The report also shows that Wells Fargo again this quarter originated more home loans than any other lender in the U.S.

Originations
Rank Q2 2011 Q1 2011 Q2 2010
1 Wells Wells Wells
2 BofA BofA BofA
3 Chase Chase Chase
4 Ally Citi Ally
5 Citi PHH Citi
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