Top Subprime Loan Originators

August 16, 2007 No Comments »

To give you an idea of who was originating the most subprime loans in the last year and change, take at look at the tables below provided by Nationalmortgagenews.com.

In the most recent quarter, Countrywide was the top subprime loan originator, barely edging out HSBC Finance.  But as you can see, HSBC cut their subprime production in half since last year, while Countrywide remained close to year-ago levels.

Wells Fargo was a major player in subprime over the last year as well, though they’ve reduced their position recently back to year-ago levels as well.

Take a look at the numbers from a year ago just to see the shear drop in volume of subprime loan origination, it’s astounding.

And you may recognize some banks and mortgage lenders in the list that are now bankrupt, laying off employees, or simply closed lenders.

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