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Article: Growth companies. (Cover Report: Market Leaders/Business Strategies).
- Article from:
- Mortgage Banking
- Article date:
- June 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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We found six companies whose stunning growth sets them apart even against the backdrop of a booming mortgage market. The six are: Home Comings Financial Network, GreenPoint Mortgage, New Century Financial, RBC Mortgage, CitiMortgage and Fifth Third Bancorp.
FOR THE PAST THREE YEARS, the volume of residential mortgage loans has been at flood stage. So if one subscribes to the theory that a rising tide lifts all boats, then a whole fleet of mortgage companies experienced outstanding levels of origination and servicing growth--which is exactly what happened.
In 2001, a spate of refinancing drove residential mortgage originations to a record volume of $2 ...