Magazine

Online Extra: Residential Options ARMs Lending Table


Option ARMs Originations

Rank

Organization Name

Q2 '06 *

Q2 '05 *

% Change

Share

1

Countrywide

$19,600

$25,300

-23%

26.0%

2

Golden West

$11,574

$13,318

-13%

15.4%

3

Washington Mutual

$11,256

$19,564

-42%

14.9%

4

American Home Mtg. Investment

$5,293

na

na

7.0%

5

GMAC-RFC

$4,998

$303

1550%

6.6%

6

IndyMac Bancorp, Inc.

$4,267

$4,576

-7%

5.7%

7

GreenPoint Mortgage Funding

$3,826

$3,549

8%

5.1%

8

EMC Mortgage

$3,626

$3,534

3%

4.8%

9

MortgageIT

$2,132

$933

129%

2.8%

10

Homecomings Financial

$1,740

$322

440%

2.3%

11

First Magnus Financial Corp.

$1,449

$3,406

-57%

1.9%

12

NovaStar Mortgage

$1,217

$141

765%

1.6%

13

Downey

$665

$3,528

-81%

0.9%

14

SCME Mortgage Bankers, Inc.

$614

$612

0%

0.8%

15

1st National Bank of Arizonia

$565

na

na

0.7%

16

FirstFed

$512

$1,124

-54%

0.7%

17

Bank of America

$371

$55

575%

0.5%

18

SBMC Mortgage

$337

$206

64%

0.4%

19

First Horizon Home Loans

$321

$452

-29%

0.4%

20

SunTrust Mortgage, Inc.

$299

$30

897%

0.4%

21

GMAC Residential Holdings

$239

$31

671%

0.3%

22

American Mortgage Network

$237

$351

-32%

0.3%

23

Flagstar Bank, FSB

$211

na

na

0.3%

Total

$75,350

$81,335

-7%

100.0%

* Dollar amount in millions

Note: Results may be incomplete because some lenders would not provide option ARM volumes. Source: National Mortgage News/Quarterly Data Report; Keefe Bruyette & Woods; SourceMedia.


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