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Top Residential Servicers at December 31, 2007

(dollars in millions)

Servicing Volume % Market Mkt Shr

Rank Organization Name Location 12/31/07 12/31/06 Change Share % pt. +/-

1 Countrywide Financial Corp. Calabasas, CA $1,476,203 $1,298,394 14% 16.04% +0.92%

2 Wells Fargo & Co. San Francisco, CA $1,473,178 $1,341,870 10% 16.00% +0.38%

3 CitiMortgage Inc. (1) O'Fallon, MO $799,753 $521,509 53% 8.69% +2.62%

4 Chase Home Finance Iselin, NJ $775,940 $674,057 15% 8.43% +0.58%

5 Washington Mutual Seattle, WA $623,365 $710,797 -12% 6.77% -1.50%

6 Bank of America Charlotte, NC $516,937 $419,497 23% 5.62% +0.73%

7 Residential Capital LLC (GMAC) Minneapolis, MN $453,300 $467,784 -3% 4.92% -0.52%

8 IndyMac Bancorp Inc. Pasadena, CA $198,170 $155,656 27% 2.15% +0.34%

9 Wachovia Charlotte, NC $193,124 $175,244 10% 2.10% +0.06%

10 National City Mortgage Miamisburg, OH $187,512 $171,006 10% 2.04% +0.05%

11 PHH Mortgage Mount Laurel, NJ $163,056 $160,298 2% 1.77% -0.09%

12 SunTrust Mortgage Inc. Richmond, VA $149,855 $129,974 15% 1.63% +0.11%

13 U.S. Bank Home Mortgage Bloomington, MN $117,505 $99,799 18% 1.28% +0.11%

14 Aurora Loan Services Inc. Aurora, CO $114,045 $92,983 23% 1.24% +0.16%

15 First Horizon Home Loans Irving, TX $111,287 $101,755 9% 1.21% +0.02%

16 EMC Mortgage (2) Lewisville, TX $89,054 $71,954 24% 0.97% +0.13%

17 Dovenmuehle Mortgage (E) Lake Zurich, IL $70,500 $66,000 7% 0.77% -0.00%

18 HSBC Mortgage Corp. USA Depew, NY $66,288 $65,269 2% 0.72% -0.04%

19 Branch Banking & Trust Co. Wilson, NC $65,554 $59,456 10% 0.71% +0.02%

20 Morgan Stanley Glen Allen, VA $65,002 $45,657 42% 0.71% +0.17%

Submitted Totals: $7,709,628 $6,828,959 13% 83.74% 4.26%

Total Outstanding Receivables $9,206,093 $8,591,000 7% $8,274,050

Notes: Includes subservicing contracts. Results may be incomplete because some servicers would not provide numbers. Subprime servicers excluded from this table but are listed separately in this report. Also, some firms listed here include subprime in with their total numbers. Market share cut based on outstanding U.S. housing debt of $9.206 trillion at Dec. 31, 2007. QDR/MSN assumes it has captured 90% of the market. (1) Fall 2007 Citigroup bought the servicing operation of Ameriquest Mortgage. (2) EMC is owned by Bear Stearns. (E) Estimate.

Source: MSN/Quarterly Data Report. Questions? E-mail Paul.MuoloSourceMedia.com. (c) 2008 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com/ http://www.sourcemedia.com/

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