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The data shows both Wells Fargo and Bank of America are bigger and have greater market power. Much of the increase for Wells can be attributed to the acquisition of Wachovia and much of the increase for Bank of America are the result of acquiring Countrywide. A similar contribution to increased market share and higher ranking applies to MetLife Bank, who acquired First Horizon's mortgage offices and PNC who acquired National City. Later on we shall see if these bank institutions can maintain their upward momentum. Meanwhile, JP Morgan is not only giving up market share to their competitors, they are giving up FHA originations in an increasing mortgage market segment.
The accomplishments of Quicken, Metrocities, Suntrust, PHH, and Primelending reveal new leaders in the realigned FHA mortgage market.
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