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Top Subprime Servicers at 3/31/06

(Dollars in Millions)

Total Servicing Vol. Percent Market

Rnk Organization Name Location 3/31/06 3/31/05 Change Share

1 Countrywide Financial Corp. Calabasas, CA $117,847 $98,212 20% +8.78%

2 Ameriquest Mortgage Corp. (E) Orange, CA $113,500 $90,000 26% +8.46%

3 Option One Mortgage Corp. Irvine, CA $75,695 $60,361 25% +5.64%

4 Chase Home Finance Woodcliff Lake, NJ $75,445 $49,317 53% +5.62%

5 CitiFinancial (E) Baltimore, MD $60,278 $55,964 8% +4.49%

6 Homecomings Financial (1) Minneapolis, MN $56,312 $48,974 15% +4.20%

7 HSBC Mortgage Services Charlotte, NC $48,925 $35,031 40% +3.65%

8 Wells Fargo Home Mortgage San Francisco, CA $45,509 $35,914 27% +3.39%

9 Homeq Servicing Corp. North Highlands, CA $44,824 $46,628 -4% +3.34%

10 Litton Loan Servicing Inc. Houston, TX $44,670 $29,643 51% +3.33%

11 Ocwen Financial Corp. West Palm Beach, FL $42,151 $37,246 13% +3.14%

12 National City Home Loan Pittsburgh, PA $39,913 $25,290 58% +2.97%

13 HSBC Consumer Lending Prospect Heights, IL $38,169 $34,536 11% +2.84%

14 New Century Financial Corp. Irvine, CA $36,800 $24,927 48% +2.74%

15 Saxon Mortgage Glen Allen, VA $26,759 $21,518 24% +1.99%

16 Select Portfolio Servicing Salt Lake City, UT $24,557 $21,237 16% +1.83%

17 EMC Mortgage (2) Irving, TX $23,257 $15,450 51% +1.73%

18 Fremont Investment & Loan Santa Monica, CA $23,200 $18,800 23% +1.73%

19 Downey Savings & Loan Assn. Newport Beach, CA $21,543 $22,970 -6% +1.61% 20 Washington Mutual Seattle, WA $19,956 $18,864 6% +1.49% 21

Top 20 Totals: $979,310 $790,883 24% 68.50%

Submitted Totals: $1,118,065 $896,689 25% 77.35% $1,175,172 $949,060

Notes: Includes sub-servicing contracts. Results may vary because some firms would not disclose subprime receivables.

Market share is based on estimated subprime receivables of $1,341.7 trillion.

(E) Estimate. (1) Homecomings is an affiliate of GMAC. (2) 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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