A 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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