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Top Subprime Servicers at 12/31/05

(Dollars in Millions)

Total Servicing Vol. Percent Market

Rk Organization Name Location 12/31/05 12/31/04 Change Share

1 Countrywide Financial Corp. Calabasas, CA $120,587 $89,872 34% +9.70%

2 Ameriquest Mortgage Corp. (E) Orange, CA $112,000 $86,000 30% +9.01%

3 Option One Mortgage Corp. (1) Irvine, CA $76,800 $59,382 29% +6.18%

4 Chase Home Finance Woodcliff Lake, NJ $67,825 $45,826 48% +5.46%

5 CitiFinancial Baltimore, MD $57,328 $56,986 1% +4.61%

6 Homecomings Financial (2) Minneapolis, MN $55,213 $49,320 12% +4.44%

7 Homeq Servicing Corp. North Highlands, CA $44,790 $42,618 5% +3.60%

8 Wells Fargo Home Mortgage San Francisco, CA $44,715 $31,667 41% +3.60%

9 HSBC Mort.Services/Household Charlotte, NC $43,792 $32,149 36% +3.52%

10 Ocwen Financial Corp. West Palm Beach, FL $41,989 $34,384 22% +3.38%

11 New Century Financial Corp. Irvine, CA $39,600 $23,400 69% +3.19%

12 Litton Loan Servicing Inc. Houston, TX $39,271 $30,423 29% +3.16%

13 National City Home Loan Pittsburgh, PA $37,574 $23,797 58% +3.02%

14 Saxon Mortgage Glen Allen, VA $26,400 $20,166 31% +2.12%

15 Fremont Investment & Loan (E) Santa Monica, CA $25,000 $14,800 69% +2.01%

16 EMC Mortgage (3) Irving, TX $24,313 $15,277 59% +1.96%

17 Select Portfolio Servicing Salt Lake City, UT $23,961 $21,989 9% +1.93%

18 Washington Mutual Seattle, WA $22,415 $19,143 17% +1.80%

19 NovaStar Mortgage, Inc. Kansas City, MO $14,023 $12,136 16% +1.13%

20 Key Consumer Real Estate Parsippany, NJ $13,767 $14,696 -6% +1.11%

Top 20 Totals: $931,363 $724,031 29% 72.90%

Submitted Totals: $1,036,029 $801,680 29% 79.20%

Notes: Includes subservicing contracts. Results may vary because some firms would not disclose subprime receivables. Market share is based on estimated subprime receivables of $1.179 trillion. (E) Estimate. (1) Owned by H&R Block. (2) Homecomings is an affiliate of GMAC. (3) Owned by Bear Stearns.

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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