In this piece, we will take a look at the five Biggest Mortgage Companies in the US. For more companies, head on over to 15 Biggest Mortgage Companies in the US.
5. Mr. Cooper Group Inc. (NASDAQ:COOP)
Latest market capitalization: $3 billion
Mr. Cooper Group Inc. (NASDAQ:COOP) collects and disburses borrower payments for mortgages, modifies loans, and originates mortgage loans. The company is headquartered in Coppell, Texas.
Mr. Cooper Group Inc. (NASDAQ:COOP)’s tangible book value per share grew to $56 during its latest quarter, with the firm reporting a 36% annual increase in the metric. At the same time, the firm also set a new record with its capital ratio, which stood at 31.3% during the quarter. This indicates that Mr. Cooper Group Inc. (NASDAQ:COOP) is relying less on debt to finance its operations.
Mr. Cooper Group Inc. (NASDAQ:COOP)’s market capitalization is $3 billion. The firm’s largest investor is Parag Vora’s HG Vora Capital Management which owns 3.5 million shares that are worth $126 million.
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4. UWM Holdings Corporation (NYSE:UWMC)
Latest market capitalization: $6.8 billion
UWM Holdings Corporation (NYSE:UWMC) is a residential mortgage company that sells mortgages through wholesale channels. The firm is headquartered in Pontiac, Michigan.
UWM Holdings Corporation (NYSE:UWMC) has been rated as the #1 mortgage lender in America this year. The firm’s third fiscal quarter saw it rake in $325 million in net income, which marked a 52 basis point growth during a tumultuous quarter rife with a mortgage slowdown. UWM Holdings Corporation (NYSE:UWMC) is also highly liquidated and has $2.9 billion available at its disposal.
UWM Holdings Corporation (NYSE:UWMC)’s market capitalization sits at $6.8 billion. It pays a 10 cent dividend for a 9.43% yield.
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3. Rocket Companies, Inc. (NYSE:RKT)
Latest market capitalization: $17 billion
Rocket Companies, Inc. (NYSE:RKT) provides a point of sale system for mortgage professionals, operates a mortgage lender, and has a digital mortgage broker. The company is headquartered in Detroit, Michigan.
Rocket Companies, Inc. (NYSE:RKT) delivered $25.6 billion worth of loans during its third fiscal quarter, alongside net rate locks of $24 billion. The firm has a fortress balance sheet, and its cash balance sits at a strong $4 billion. Coupled with $7.3 billion in mortgage servicing rights, this lends Rocket Companies, Inc. (NYSE:RKT) a $5.5 book value per share.
Rocket Companies, Inc. (NYSE:RKT)’s market capitalization is $17 billion, making it the largest mortgage company in the U.S. apart from Fannie Mae and Freddy Mac.
Jim Simons’ Renaissance Technologies is Rocket Companies, Inc. (NYSE:RKT)’s largest investor. It owns 2.4 million shares that are worth $17.4 million.
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2. Federal National Mortgage Association (OTCMKTS:FNMAN)
Latest market capitalization: $30 billion
Federal National Mortgage Association (OTCMKTS:FNMAN), or Fannie Mae, provides mortgage financing. The firm was set up in 1938, and it covers both single family and multi family residences. It is headquartered in Washington, D.C.
Federal National Mortgage Association (OTCMKTS:FNMAN) reported a massive $2.4 billion in net income during its third fiscal quarter, which nevertheless ended up marking a 50% decrease over the year ago quarter’s $4.7 billion. The firm had glad tidings for home prices, as it reported that prices had increased by 13.8% annually during the quarter, at a slower level than the second quarter growth of 19.1%.
Federal National Mortgage Association (OTCMKTS:FNMAN)’s market capitalization is $3.3 billion. This is only for one of its securities, with the cumulative market valuation for all of them sitting at close to $30 billion.
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1. Federal Home Loan Mortgage Corporation (OTCMKTS:FMCCT)
Latest market capitalization: $43 billion
Federal Home Loan Mortgage Corporation (OTCMKTS:FMCCT), or Freddie Mac, purchases secondary mortgage loans and invests in mortgage loans and securities. It is headquartered in Washington, D.C.
Federal Home Loan Mortgage Corporation (OTCMKTS:FMCCT) had a massive mortgage portfolio of $3.9 trillion by the end of August 2022, which marked a 7.2% annual growth. During the month, it reported $52 billion worth of purchases and $31 billion in liquidations. The growth was stronger sequentially, as in July, Federal Home Loan Mortgage Corporation (OTCMKTS:FMCCT)’s portfolio had grown by 2.5% annually.
Federal Home Loan Mortgage Corporation (OTCMKTS:FMCCT) has a $12.5 billion market capitalization. This is for one of its securities, and the cumulative market value of all the different securities is roughly $43 billion.
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Disclosure: None. You can also take a look at 10 Cheap Monthly Dividend Stocks To Buy and 10 Best Safe Dividend Stocks for Retirement Portfolios.
