How Much Of The Mortgage Origination Market Did The Five Largest U.S. Banks Capture In Q2?

-13.65%
Downside
57.85
Market
49.96
Trefis
WFC: Wells Fargo logo
WFC
Wells Fargo

The 5 largest U.S. banks originated residential mortgages worth almost $129 billion in Q2 2016 – representing around 25% of total mortgages originated in the U.S. for the quarter.

CB_QA_MortgageOrig_16Q2

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

Wells Fargo has retained its position as the largest mortgage originator in the country from before the economic downturn. In fact, the bank tightened its grip in the industry after the recession thanks to its acquisition of Wachovia – originating one in every four mortgages in the country in early 2010. Although weak conditions in the mortgage space have dragged down Wells Fargo’s market share to around 12% now, the bank still remains significantly ahead of its peers. You can see how changes to Wells Fargo’s mortgage origination volumes affect our price estimate for the bank by making changes to the chart below.

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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 | JPMorganBank of America | Citigroup

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