Much has been written in recent months about perspective buyers who’ve had trouble qualifying for mortgage loans despite solid credit scores. Strict underwriting standards have essentially reduced the buying pool.

But borrowers are managing to get loans. Which institutions are doing the most lending in Massachusetts?

If you guessed biggies like Bank of America, Citizens and Countrywide, you’re right. Bank of America, which has issued 273 purchase loans so far this year, ranks first in purchase loans and fifth for refinancing activity, according to The Warren Group.

Countrywide comes in second and third for purchase loans and refinancings, respectively.

And Mortgage Master Inc., with 1,477 loans totaling nearly $62 million, ranks top overall.

What’s interesting, however, is that in this environment smaller entities are starting to grab a bigger share of the market. Salem Five Cents Mortgage currently ranks as 7th overall for purchase and refinance loans, lending over $197 million.

Back in 2007, before some mortgage companies were wiped out, Salem Five Cents ranked 21. That’s quite a jump in business.

Source: Banker & Tradesman

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