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Top 'Alt-A' Servicers in Q2 '06

(Dollars in Millions)

'Alt-A' Servicers %

Rank Organization Name Location Q2 0'6 Q2 '05 change

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

2 Aurora Loan Services, Inc. (1) Aurora, CO $56,631 $49,493 14%

3 Wells Fargo Home Mortgage San Francisco, CA $47,704 na na

4 EMC Mortgage (2) Lewisville, TX $32,209 $14,561 121%

5 PFF Bank & Trust Rancho $30,893 $42,191 -27%

Cucamonga, CA

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

7 GreenPoint Mortgage Funding Novato, CA $12,886 $14,940 -14%

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

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

10 Opteum Financial Services Paramus, NJ $6,521 na na

11 American Home Mtg. Investment Melville, NY $5,257 na na

12 Ocwen Financial Corp. (BC) West Palm $4,900 $4,448 10%

Beach, FL

13 Select Portfolio Servicing (BC) Salt Lake City, UT $4,664 $5,201 -10%

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

15 National City Mortgage Miamisburg, OH $3,950 na na

Top 15 Totals: $317,712 $200,662 58%

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 Lehman Bros. (2) Owned by Bear Stearns. (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

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