The chart above shows the leading VA mortgage lenders for 2009. Note that Bank of America acquired Countrywide, MetLife Bank acquired most mortgage operations of First Horizon Home Loans, Taylor Bean Whitaker is bankrupt, and National City was acquired by PNC Financial. These institutions may have recorded mortgages under names prior to their aquisition dates. Mortgage Investors Corp specializes in refinance mortgages.
One big winner for the year include Bank of America who increased their VA mortgage market share from 1.9% in 2008 to 4.94% in 2009. Mortgage Investors Corp also showed renewed strength by doubling their market share in 2009 to nearly 3.00% and moving from 15th in the nation to 4th in the nation in VA mortgage origination (wonder what they would be if we only considered refinance mortgages?). We have report products that tell you that!
Later will shall publish the leading Conventional mortgage lenders for 2009.