What Was The Share Of The 5 Largest U.S. Banks In The Mortgage Origination Industry For 2016?
The 5 largest U.S. banks originated residential mortgages worth $510 billion over full-year 2016 – representing almost 27% of total mortgages originated in the U.S. for the year.
*Total U.S. Origination figure includes fresh mortgages as well as mortgage refinances as compiled by the Mortgage Bankers Association [1]
Over recent years, banks have been responsible for roughly 45% of all mortgage originations in the U.S. for a given period, with 10% of the market share attributable to credit unions and the remaining 45% to non-bank mortgage lenders (like Quicken Loans). With the 5 largest banks garnering a 27% share of the industry for 2016, they captured nearly 60% of the mortgage origination market that banks’ held for the year.
Wells Fargo remained the single biggest mortgage originator in the country – retaining the position from well before the economic downturn. Wells Fargo’s market share of 13% is significantly ahead of any other player in the industry. 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.
See the links below for more information about the 5 largest U.S. commercial banks:
- How Have The Loan Portfolios Of The Largest U.S. Banks Changed Since 2012?
- How Have Total Deposits Held By The Largest U.S. Banks Changed Over The Last 5 Years?
- Understanding Changes In Loan-To-Deposit Ratios For The Largest U.S. Banks Over Recent Years
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- MBA Quarterly Origination Estimates, MBA.org [↩]