Quicken Loans is growing its market share in the mortgage business, having just surpassing Bank of America as the third-largest mortgage lender in the U.S., according to rankings compiled over the last three months of 2012 from the Mortgage Daily.
Quicken Loans had 5 percent of the market share in the fourth quarter, totaling $25.1 billion in originations. Bank of America is now the fourth-largest lender, with 4 percent of the market share and $22.5 billion in mortgage originations during the fourth quarter.
Wells Fargo continues to be the leader in this space with 23 percent of the mortgage market share and $125 billion in origination volume in the fourth quarter. Chase comes in second with 10 percent of the mortgage business and $51.6 billion in volume.
For 2012, overall mortgage originations grew 30 percent, reaching $1.89 trillion.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2013/03/07/quicken-loans-grabs-mortgage-market-share
At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.
Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.
If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at: manager@gayrealestate.com
