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Top 'Alt-A' Servicers in Q3 '06

(Dollars in Millions)

'Alt-A' Servicers %

Rank Organization Name Location Q3 '06 Q3 '05 change

1 Aurora Loan Services, Inc. (1) Aurora, CO $58,752 na na

2 IndyMac Bancorp, Inc. Pasadena, CA $72,523 $49,722 46%

3 Wells Fargo Home Mortgage San Francisco, CA $70,553 na na

4 EMC Mortgage (2) Lewisville, TX $36,962 $22,777 62%

5 Homecomings Financial (3) Minneapolis, MN $24,775 $17,202 44%

6 National City Mortgage Miamisburg, OH $12,879 $9,300 38%

7 GreenPoint Mortgage Funding Novato, CA $12,641 $13,420 -6%

8 SunTrust Mortgage, Inc. Richmond, VA $12,632 $5,600 126%

9 Cenlar FSB Ewing, NJ $8,645 $5,879 47%

10 American Home Mtg. Invest. Melville, NY $5,148 $1,002 414%

11 Ocwen Financial Corp. (BC) West Palm Beach, FL $4,997 $3,408 47%

12 Select Portfolio Servicing (BC) Salt Lake City, UT $4,576 $5,908 -23%

13 ABN Amro Mortgage Ann Arbor, MI $4,372 $2,422 81%

14 NovaStar Mortgage, Inc. (BC) Kansas City, MO $4,141 $4,144 0%

15 Equity One, Inc. (BC) Marlton, NJ $3,534 $2,067 71%

16 First Horizon Home Loans Irving, TX $2,217 $1,971 12%

17 Litton Loan Servicing Inc. (BC) Houston, TX $1,687 $737 129%

18 Central Mortgage Company Little Rock, AR $806 $515 57%

19 New Century Financial Corp. (BC) Irvine, CA $700 na na

20 Huntington Mortgage Columbus, OH $675 $603 12%

Top 20 Totals: $343,215 $146,678 134%

Submitted Totals: $345,399 $148,317 133%

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. (3) Owned by GMAC. (BC) Lender is a subprime specialist.

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

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