Quantcast

Top Residential Servicers at 12/31/07

(dollars in millions)

Servicing Volume % Market Mkt Shr

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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/NMN 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/

Next in News ►