SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!! -- Ignore unavailable to you. Want to Upgrade?


To: ravenseye who wrote (4198)5/10/2007 4:48:33 PM
From: ravenseye  Respond to of 5673
 
Top 10 subprime originators lean to left coast
By Laura Mandaro, MarketWatch
Last Update: 5:42 PM ET Mar 14, 2007
SAN FRANCISCO (MarketWatch) -- The West is the best, sang a '60's rocker -- and that sentiment also rings true among subprime mortgage originators....
marketwatch.com
... a snapshot of the top 10 originators in the fourth quarter shows a heavy Westward slant.
Seven of the 10 are based in California, according to a ranking published by trade publication National Mortgage News. One, Washington Mutual Inc. (WM :) , is based in Seattle.

Top subprime mortgage lenders
Rank Lender Location Q4 2006 originations, in billions
1 HSBC Finance (HSBC) Prospect Heights, IL $12.3
2 New Century Financial Irvine, CA $12.2
3 Countrywide Financial Calabasas, CA $10.1
4 WMC Mortgage (GE) Burbank, CA $9.0
5 First Franklin (Merrill Lynch) San Jose, CA $7.8
6 Wells Fargo Home Mortgage San Francisco, CA $7.4
7 Option One (H&R Block) Irvine, CA $6.1
8 Fremont Investment & Loan* Santa Monica, CA $6.0
9 Washington Mutual* Seattle, WA $5.7
10 CitiFinancial (Citigroup)* Baltimore, MD $5.0

*Estimates
Data: National Mortgage News
...