Countrywide and Wells Fargo Pull Away from the Rest of the Pack in 2005; Jostling in the Second Tier
January 26, 2006
Countrywide Home Loans extended its lead as the top originator in the residential mortgage market in 2005, according to an exclusive new ranking by Inside Mortgage Finance. Countrywide reported a record $490.95 billion in new mortgage production last year, up 35.2 percent from the companys volume in 2004. Back in the 1980s that would have been a decent year for total mortgage originations. It boosted Countrywide to a 15.7 percent share of new production, although [Two data tables included]