DAS Acquisition Leads Missouri's FHA VA Mortgage Market

The report above display FHA and VA mortgage lending in Missouri for 2009 through May. DAS Acquisition Company, LLC, owner of USA Mortgage obtained a 5.14% market share with 1,263 purchase and refinance mortgage originations in 2009. DAS Acquisition's FHAVA mortgage amounts total nearly $192 million this year. Countrywide Home Loans trails DAS Acquisition by $50 million with these mortgage products. Refinance mortgages originated by DAS Acquisition were out pacing purchase money mortgage originations by more than two to one.

DAS Acquisitions has eleven branch offices in Missouri. Most of their FHA and VA loan originations were found in St. Louis, St Charles, and Jefferson Counties.

Way to go!

Stifel Bank & Trust Rapidly becomes a Leading Lender in St. Louis

Stifel Bank and Trust, a recent acquisition of Stifel Financial, rises to the top ten conventional purchase mortgage lenders in the St. Louis metropolitan area. The accomplishment is special since Stifel Bank and Trust recently started mortgage lending in this market.


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In St. Louis, this young bank now shares mortgage origination leadership with companies such as Pulaski Bank, Bank of America, Wells Fargo, US Bank, and PHH Mortgage. Each of those companies have originated substantially fewer mortgages in the first half of 2008 as compared to 2007.

The St. Louis metropolitan area mortgage market has been down significantly. The monthly trend shows a slowdown in St. Louis. Stifel Bank and Trust's mortgage origination growth under these difficult circumstances makes them a mortgage lender to watch.


We will watch and report back periodically!