TOP 20 MORTGAGE LENDERS
With roughly 1,000 institutional lenders providing nearly $27 billion in loans, commercial and residential mortgage banking is doing a booming business. Here’s a look at the county’s 20 biggest mortgage lenders, ranked by 1988 dollar volume:
1988 Number of Mortgage Average Rank Lender Loans Dollar Volume Amount 1 Wells Fargo 2,648 $1,375,182,030 $519,329 National Bank 2 Home Savings of America 8,372 1,336,498,852 159,639 3 Great Western Federal 8,117 1,146,044,632 141,191 Savings Bank 4 Home Federal 3,918 1,079,216,641 275,451 Savings & Loan 5 Security Pacific 5,937 996,510,892 167,848 National Bank 6 California Federal 4,727 980,546,085 207,435 Savings & Loan 7 Bank of America 5,895 901,769,241 152,972 8 World Savings & Loan 3,012 575,359,909 191,023 9 Great American 2,208 364,660,503 165,154 First Savings 10 Coast Savings & Loan 1,430 357,814,963 250,220 11 Western Federal 1,512 315,407,984 208,603 Savings & Loan 12 American Savings & Loan 1,478 274,788,970 185,919 13 First Interstate Bank 1,406 262,692,031 186,836 14 Glendale Federal 1,143 258,361,347 226,038 Savings & Loan 15 Union Bank 150 258,333,065 1,722,220 16 Fidelity Federal 1,014 252,904,533 249,413 Savings & Loan 17 Chase Manhattan Bank 16 241,523,780 15,095,236 18 ICA Mortgage 1,296 232,814,095 179,641 Corporation 19 Mercury Savings & Loan 1,413 232,670,179 164,664 20 Glenfed Mortgage 1,292 217,531,735 168,368 Corporation
1988 Market Rank Percentage 1 5.25 2 5.10 3 4.37 4 4.12 5 3.80 6 3.74 7 3.44 8 2.20 9 1.39 10 1.37 11 1.20 12 1.05 13 1.00 14 0.99 15 0.99 16 0.97 17 0.92 18 0.89 19 0.89 20 0.83
Source: TRW Real Estate Market Information
