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Top Servicing Gainers in 4Q 2006

(Dollars in Millions)

Servicing Volume % Market Mkt Shr

Rank Organization Name Location 12/31/06 12/31/05 Change Share % pt. +/-

1 Wachovia (1) Charlotte, NC $175,244 $38,745 352% 2.04% +1.57%

2 Paul Financial San Rafael, CA $906 $227 299% 0.01% +0.01%

3 IXIS Real Estate Capital (2) New York, NY $10,372 $2,763 275% 0.12% +0.09%

4 Synovus Mortgage Corp. Birmingham, AL $2,405 $1,036 132% 0.03% +0.02%

5 Celink Lansing, MI $856 $480 78% 0.01% +0.00%

6 ING Bank, FSB Wilmington, DE $10,231 $5,940 72% 0.12% +0.05%

7 Merrill Lynch Credit Corp. (E) Jacksonville, FL $5,600 $3,400 65% 0.07% +0.02%

8 LoanCare Servicing Center Inc. Norfolk, VA $13,733 $8,397 64% 0.16% +0.06%

9 IndyMac Bancorp, Inc. Pasadena, CA $147,994 $90,721 63% 1.72% +0.63%

10 Taylor, Bean & Whitaker Ocala, FL $34,680 $21,670 60% 0.40% +0.14%

Submitted Totals: $402,021 $173,379 132% 4.68% 2.59%

Total Outstanding Receivables $8,591,000 $8,291,000 4%

Notes: Includes subservicing contracts. Market share based on total estimated U.S. housing receivables of $8.59 trillion at 12/31/06.

This ranking excludes subprime servicing specialists but some of the firms listed here service subprime and other non-conforming loan types. Subservicing contracts are included in these numbers. Results may be incomplete because some firms would not respond.

(1) Wachovia now owns Golden West/World. (2) In the 4Q IXIS bought a large package of bulk servicing rights. (E) Estimate.

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

(c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

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