Electronic Mortgage Industry Directory
Seventh Edition - Covering 2005 Through 2007
You are here: Home>Seventh edition>Demo originators>Introduction
This is the demo version of the eMID.

Information contained here is only a sampling of the full array of data available in the paid version.
The profiles shown here are samples, showing data of randomly selected companies.
Some features, such as file download, have been disabled.

What does the paid version offer?
Valuable contact information, profiles, and program details of individual companies are only accessible on the paid eMID.
To take advantage of the full range of powerful data and features, order the eMID today!
If you have further questions or would like to order the product, please call (888) 501-8850.

You can also order the eMID online.

Top 400 Residential Lenders in 2006
A Decent Year for Originators — Until Subprime Blew Up

On the surface 2006 was a decent year in terms of residential loan production. Mortgage bankers across the land funded $3.267 trillion in home loans (both first and seconds), a slight decline from the previous year when originations weighed in at $3.294 trillion. (The industry's best year ever came in 2003 when lenders originated $3.9 trillion, thanks to rock-bottom interest rates and a mouth watering refinancing ratio of 72%.) Those were the days, weren't they? Unfortunately that's all behind us. The cycle has turned. The residential finance industry is once again in transition period, one where fundings are down, failures are up and consolidation is rampant.

You might say the mortgage industry -- more specifically, the subprime sector — has been hit by a 'perfect storm' of bad events. Rapidly rising subprime delinquencies coupled with falling home values and razor thin profit margins have hammered the business. By the time you read this some 80 or so subprime firms will have failed during the past 12 months — and those are only the ones we know of. (An untold number of loan brokers closed their doors as well, in particular those specializing in subprime.)

Read the full text in the paid version of the product.

IMPORTANT REMINDER: The data contained in this database is, and remains, the property of SourceMedia, Inc. You have received a non-exclusive license to use the data. Since you do not own the data, you may not sell, lease or rent it to others. Your license to use the data entitles you to access it from or transfer it to no more than two computers.
   Access to the database is logged and monitored. SourceMedia, Inc. will use all necessary means provided by law to counter and prevent the theft of its intellectual property. Such measures include, but are not limited to, blocking access by offending parties, civil lawsuits and criminal prosecution.
   Your use of this database constitutes acceptance of these terms.
With comments or questions about the data contact Paul Muolo, paul.muolo@sourcemedia.com
For technical support, e-mail Andras Malatinszky, andras.malatinszky@sourcemedia.com
For customer service, call (800) 221-1809    
© 2008 SourceMedia, Inc. and National Mortgage News. All rights reserved.