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Top Residential Servicers at 3/31/08

(dollars in millions)

Servicing Volume % Market Mkt Shr

Rk Organization Name 3/31/2008 3/31/2007 Change Share % pt. +/-

1 Countrywide Financial Corp. (1) $1,484,157 $1,351,598 10% 15.58% +0.33%

2 Wells Fargo & Company $1,482,466 $1,377,049 8% 15.57% +0.03%

3 CitiMortgage, Inc. $798,761 $763,699 5% 8.39% -0.23%

4 Chase $794,707 $689,850 15% 8.34% +0.56%

5 Washington Mutual $615,988 $628,199 -2% 6.47% -0.62%

6 Bank of America (1) $529,666 $434,929 22% 5.56% +0.65%

7 Residential Capital, LLC (GMAC) $449,002 $497,209 -10% 4.71% -0.90%

8 IndyMac Bancorp, Inc. $200,696 $171,955 17% 2.11% +0.17%

9 Wachovia Mortgage, FSB $197,314 $175,629 12% 2.07% +0.09%

10 National City Mortgage $192,359 $174,030 11% 2.02% +0.06%

11 PHH Mortgage $161,236 $161,870 -0% 1.69% -0.13%

12 SunTrust Mortgage, Inc. $155,449 $138,619 12% 1.63% +0.07%

13 U.S. Bank Home Mortgage $123,040 $104,753 18% 1.29% +0.11%

14 Aurora Loan Services, Inc. (2) $109,667 $91,277 20% 1.15% +0.12%

15 First Horizon Home Loans $106,836 $103,215 4% 1.12% -0.04%

16 EMC Mortgage (3) $86,407 $78,847 10% 0.91% +0.02%

17 Dovenmuehle Mortgage (E) (SS) $71,125 $68,000 5% 0.75% -0.02%

18 Branch Banking & Trust Co. $67,648 $60,212 12% 0.71% +0.03%

19 HSBC Mortgage Corp. USA $66,864 $65,161 3% 0.70% -0.03%

20 Morgan Stanley $64,075 $52,961 21% 0.67% +0.08%

Top 20 Totals: $7,757,463 $7,189,063 8% 77.89% 0.52%

Total Outstanding Receivables: $9,523,717 $8,861,000 8%

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 $9.524 trillion at March 31, 2008. (1) BoA is buying Countrywide. (2) ALS is owned by Lehman Bros. (3) EMC is owned by Bear Stearns/JP Morgan. (E) Estimate. (SS) Firm is mostly engaged in subservicing.

Source: NMN/Quarterly Data Report. Questions? Email: 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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