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Top Subprime Servicers at 6/30/06

(Dollars in Millions)

Total Servicing Vol. % Market

Rank Organization Name Location 6/30/06 6/30/05 Change Share

1 Countrywide Calabasas, CA $115,615 $108,812 6%

Financial Corp.

2 Ameriquest Mortgage Orange, CA $112,000 $98,250 14%

Corp. (E)

3 Chase Home Finance Woodcliff Lake, NJ $78,406 $53,019 48%

4 Option One Mortgage Irvine, CA $74,060 $69,860 6%

Corp. (1)

5 CitiFinancial Baltimore, MD $62,000 $55,149 12%

(E) (2)

6 Homecomings Minneapolis, MN $54,032 $49,043 10%

Financial (3)

7 HSBC Mortgage Charlotte, NC $50,522 $36,873 37%

Services

8 Wells Fargo Home San Francisco, CA $47,202 $39,076 21%

Mortgage

9 Ocwen Financial West Palm Beach, FL $46,385 $37,873 22%

Corp.

10 Litton Loan Houston, TX $46,069 $30,321 52%

Servicing Inc.

11 National City Home Pittsburgh, PA $44,201 $28,700 54% +3.23%

Loan (4)

12 Homeq Servicing North Highlands, CA $42,298 $50,786 -17% +3.09%

Corp.

13 New Century Irvine, CA $39,700 $31,245 27% +2.90%

Financial Corp.

14 Saxon Mortgage (5) Glen Allen, VA $25,931 $24,731 5% +1.89%

15 Fremont Santa Monica, CA $24,900 $21,008 19% +1.82%

Investment & Loan

16 Select Portfolio Salt Lake City, UT $24,621 $22,118 11% +1.80%

Servicing

17 EMC Mortgage (6) Irving, TX $22,163 $17,186 29% +1.62%

18 Washington Mutual Seattle, WA $19,779 $19,740 0% +1.44%

19 NovaStar Mortgage, Kansas City, MO $15,784 $13,601 16% +1.15%

Inc.

20 Key Consumer Real Parsippany, NJ $13,449 $13,945 -4% +0.98%

Estate

Top 20 Totals: $959,117 $821,336 17% 65.54%

Submitted Totals: $1,069,003 $915,885 17% 72.19%

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 $1.369 trillion at 6/30/06. (1) Option One is owned by H&R Block. (2) Citi stopped disclosing its subprime servicing earlier this year. (3) Homecomings is owned by GMAC. (4) NCHL is being sold to Merrill Lynch. (5) Saxon is being sold to Morgan Stanley. (6) EMC is 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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