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Top Residential Servicers at 12/31/08

Servicing Volume % Market

Rank Organization Name 12/31/08 12/31/07 Change Share

1 Bank of America (1) $2,056,463 $516,937 298% 21.13%

2 Wells Fargo & Co. (2) $1,780,884 $1,473,178 21% 18.30%

3 Chase (3) $1,503,230 $775,940 94% 15.44%

4 CitiMortgage Inc. $809,633 $799,753 1% 8.32%

5 Residential Capital LLC (GMAC) (4)$365,033 $454,518 -20% 3.75%

6 National City Mortgage (5) $187,110 $187,512 0% 1.92%

7 IndyMac Bancorp Inc. (E) (6) $162,000 $198,170 -18% 1.66%

8 SunTrust Mortgage Inc. $159,663 $149,857 7% 1.64%

9 PHH Mortgage (E) $146,000 $159,183 -8% 1.50%

10 Aurora Loan Services Inc. (7)$117,035 $114,045 3% 1.20%

11 MetLife Home Loans Memphis, TN $87,996 na na 0.90% na

12 Taylor, Bean & Whitaker Ocala, FL $76,354 $59,954 27% 0.78% +0.13%

13 Branch Banking & Trust Wilson, NC $74,102 $65,554 13% 0.76% +0.05%

14 HSBC Mortgage Corp. USA Depew, NY $68,231 $66,288 3% 0.70% -0.02%

15 Cenlar FSB (SS) Ewing, NJ $46,000 $54,000 -15% 0.47% -0.11%

Submitted Totals: $7,639,735 $5,074,889 51% 75.33% 23.18%

Total Outstanding Receivables $9,733,000 $9,206,093 6%

Footnotes: Results may be incomplete because some firms would not provide servicing rights. Figures include subservicing contracts. Market share cut based on estimated U.S. housing debt of $9.733 trillion at year-end 2008. (1) Bank of America's figures include Countrywide Financial which it bought July 1. (2) Wells' numbers include servicing rights it inherited from Wachovia. (3) Chase's numbers include receivables once owned by Washington Mutual. (4) ResCap is owned by GMAC Financial. (5) NatCity is now owned by PNC. (6) IndyMac was sold to a private investor group earlier this year. (7) ALS was once controlled by Lehman Brothers which is now in bankruptcy. ALS, though, was not a party to the BK filing. (SS) Company is a subservicing specialist. (E) Estimate.

Source: Mortgage Servicing News/Quarterly Data Report. Questions? E-mail Paul.Muolo@SourceMedia.com.

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