Quantcast

Top Gainers Among 'Alt-A' Servicers in Q2 '06

(Dollars in Millions)

'Alt-A' Servicers %

Rnk Organization Name Location Q2 '06 Q2 '05 change

1 Paul Financial San Rafael, CA $434 $140 211%

2 SunTrust Mortgage, Inc. Richmond, VA $9,898 $3,536 180%

3 Litton Loan Servicing Inc. (BC) Houston, TX $1,640 $670 145%

4 Central Mortgage Company Little Rock, AR $922 $416 122%

5 EMC Mortgage (1) Lewisville, TX $32,209 $14,561 121%

6 Sovereign Bank, FSB Rosemont, PA $2,168 $1,018 113%

7 Equity One, Inc. (BC) Marlton, NJ $3,090 $1,612 92%

8 Cenlar FSB (SS) Ewing, NJ $7,612 $4,437 72%

9 IndyMac Bancorp, Inc. Pasadena, CA $67,754 $43,172 57%

10 Homecomings Financial Minneapolis, MN $22,533 $14,888 51%

11 EverBank/EverHome Mortgage Jacksonville, FL $2,800 $2,300 22%

12 First Horizon Home Loans Irving, TX $2,195 $1,903 15%

13 Aurora Loan Services, Inc. (2) Aurora, CO $56,631 $49,493 14%

14 NovaStar Mortgage, Inc. (BC) Kansas City, MO $4,300 $3,795 13%

15 Huntington Mortgage Columbus, OH $649 $574 13%

Top 15 Totals: $214,836 $142,515 51%

Submitted Totals: $334,137 $216,511 54%

Notes: Results may be incomplete because some firms would not disclose this data point. In general 'alt A' loans are neither conventional nor subprime but have certain characteristics that make them harder to fund/underwrite. (1) Owned by Bear Stearns. (2) Owned by Lehman Bros. (BC) Lender is a subprime specialist. (SS) Firm is a subservicing specialist.

Source: MSN/Quarterly Data Report. Questions? Email: Paul.MuoloSourceMedia.com. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

Next in News ►