How Have Mortgage Origination Volumes For The Largest U.S. Banks Changed In The Last Five Quarters?

August 26th, 2016 by Trefis Team
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Mortgage originations for the country’s five largest commercial banks saw a notable recovery in Q2 2016 after remaining at unusually low levels over the last two quarters. While this was largely in line with the improvement in the overall mortgage industry, these banks have seen their market share fall from almost 30% a year ago to 25% now.

CB_QA_MortgageOrigChange_16Q2

*Total U.S. Originations includes fresh mortgages as well as mortgage refinances as compiled by the Mortgage Bankers Association [1]

Notably, Citigroup figures 5th on this list despite being substantially larger in size than regional banking group U.S. Bancorp. While Citigroup has been forced to shrink its mortgage business in the wake of the economic downturn to response to heavy losses, U.S. Bancorp has grown its mortgage unit considerably – something that helped it overtake Citigroup in early 2012 with the onset of the mortgage refinancing boom. The bank has done well to hold on to the#4 position in terms of mortgage origination for every single quarter since then.

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You can see how changes to U.S. Bancorp’s mortgage origination volumes affect our price estimate for the bank by making changes to the chart below.

See the links below for more information about the 5 largest U.S. commercial banks:

See full Trefis analysis for U.S. Bancorp | Wells Fargo | JPMorgan | Bank of America | Citigroup

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Notes:
  1. MBA Quarterly Origination Estimates, MBA.org [↩]