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Top Subservicers at 12/31/05

(Dollars in Millions)

Subservicing Volume %

Rk Organization Name Location 12/31/05 12/31/04 change

1 Dovenmuehle Mortgage (E) Schaumburg, IL $57,500 $50,000 15%

2 Cenlar FSB Ewing, NJ $45,000 $35,000 29%

3 GMAC Residential Holdings Horsham, PA $38,932 $13,939 179%

4 Countrywide Financial Corp. Calabasas, CA $29,901 $16,847 77%

5 Wells Fargo Home Mortgage San Francisco, CA $25,132 $26,061 -4%

6 Wendover Financial Services (E) Greensboro, NC $14,850 $17,802 -17%

7 Everbank/EverHome Mortgage Jacksonville, FL $13,756 $16,448 -16%

8 LoanCare Servicing Center Inc. Norfolk, VA $9,393 $4,987 88%

9 PHH Mortgage Mt. Laurel, NJ $7,894 $2,828 179%

10 Downey Savings & Loan Assn. Newport Beach, CA $5,290 $6,670 -21%

Subservicing Volume % Market

Rk Organization Name Location 12/31/05 12/31/04 change Share %

11 HomeBanc Mortgage Corporation Atlanta, GA $5,215 na na 1.42%

12 Flagstar Bank, FSB Troy, MI $4,959 $9,147 -46% 1.35%

13 Ohio Savings Bank, F.S.B. (E) Cleveland, OH $4,950 $5,655 -12% 1.34%

14 Midwest Loan Services Houghton, MI $3,268 $2,175 50% 0.89%

15 Citizens Mortgage Corporation Providence, RI $2,980 $2,599 15% 0.81%

16 IXIS/CDC Real Estate Capital New York, NY $2,763 $3,219 -14% 0.75%

17 Hibernia National Bank Baton Rouge, LA $2,518 na na 0.68%

18 Security Savings Mtg. Corp. Canton, OH $2,474 $2,272 9% 0.67%

19 Graystone Mortgage Corporation Sudbury, MA $2,402 $2,111 14% 0.65%

20 State Employees Credit Union Raleigh, NC $1,422 $1,349 5% 0.39%

Top 20 Totals: $280,598 $219,109 28% 76.20%

Submitted Totals: $283,261 $221,057 28% 76.92%

Notes: Subprime subservicers listed separately. (E) Estimate.

Source: MSN/Quarterly Data Report. Questions? Email: Paul.MuoloSourceMedia.com.

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