See the Monopoly of Mortgage Companies in U.S Market
There are many private companies and government companies in U.S. market
that provide mortgage services however, when we look at the stats we see
its only a few companies are controlling most of the market mortgages.
Consider this about 60% of the total U.S. mortgage volume is closed by
the five companies. Yes, it's a monopoly of mortgage companies.
Top Five Market Sharing Mortgage Companies
These five companies ranking, name and the U.S. market share they own are listed below.
| Ranking |
Company Name |
| 1. |
Wells Fargo & Co. |
| 2. |
Bank of America Corp. |
| 3. |
JP Morgan Chase |
| 4. |
CitiMortgage |
| 5. |
BanCorp |
Above are the top five mortgage service providers in U.S. Among
these, Wells Fargo & Co. is the leading U.S. mortgage service
provider who has maintained its sovereignty by having 42.5% of the total
market share.
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Graphical Representation