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Subprime Servicers - What Their Portfolios Might Be Worth

(Dollars in Millions)

Ser. Vol. Port. Value Port. Value

Rank Organization Location 9/30/06 at 100 BPs at 150 BPs

1 Countrywide Financial Corp. Calabasas, CA $114,516 $1,145 $1,718

2 Chase Home Finance Woodcliff Lake, NJ $80,634 $806 $1,210

3 Option One Mortgage Corp. Irvine, CA $74,500 $745 $1,118

4 Ameriquest Mortgage Corp. Orange, CA $74,000 $740 $1,110

5 CitiFinancial (E) Baltimore, MD $63,750 $638 $956

6 Homecomings Financial Minneapolis, MN $53,525 $535 $803

7 HSBC Mortgage Services Charlotte, NC $51,098 $511 $766

8 Ocwen Financial Corp. West Palm Beach, FL $50,114 $501 $752

9 Wells Fargo Home Mortgage San Francisco, CA $49,836 $498 $748

10 Litton Loan Servicing Inc. Houston, TX $48,911 $489 $734

11 New Century Financial Corp. Irvine, CA $42,300 $423 $635

12 Homeq Servicing Corp. North Highlands, CA $42,217 $422 $633

13 National City Home Loan Pittsburgh, PA $41,381 $414 $621

14 Fremont Investment & Loan Santa Monica, CA $26,427 $264 $396

15 Select Portfolio Servicing Salt Lake City, UT $24,967 $250 $375

16 EMC Mortgage Irving, TX $19,746 $197 $296

17 Washington Mutual Seattle, WA $19,600 $196 $294

18 NovaStar Mortgage, Inc. Kansas City, MO $15,625 $156 $234

19 Wilshire Credit Corp. (E) Beaverton, OR $13,300 $133 $200

20 Key Consumer Real Estate Parsippany, NJ $11,847 $118 $178

Notes: This calculation represents the top 20 subprime servicers only. The value listed her are estimates only and do not take into account any debt serviced by these receivable.

Source: MSN/Quarterly Data Report. Questions? Email: paul.muolosourcemedia.com or call (202) 434-0320. (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

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