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Top ALT-A Servicers at Dec. 31, 2008

Alt-A Servicing %

Rank Organization Name 12/31/08 12/31/07 change

1 Aurora Loan Services Inc. (1) $79,915 $68,815 16%

2 Wells Fargo & Co. $79,474 $80,806 -2%

3 Bank of America (E) $75,000 $80,000 -6%

4 CitiMortgage Inc. $65,101 $66,815 -3%

5 EMC Mortgage (2) $24,048 $27,665 -13%

6 National City Mortgage $11,702 $12,963 -10%

7 SunTrust Mortgage Inc. $9,469 $11,603 -18%

8 Ocwen Loan Servicing LLC (BC) $3,924 $5,410 -27%

9 Midland Mortgage $3,552 $3,756 -5%

10 Central Mortgage Co. $3,525 $584 504%

Top 10 Totals: $355,710 $358,417 -1%

Submitted Totals: $363,897 $366,065 -1%

Notes: Results may be incomplete because some firms would not disclose this data point. In general alt-A loans are neither conventional nor subprime but have certain characteristics that make them harder to fund/underwrite. (BC) Servicer is a subprime specialist. (1) ALS is owned by Lehman Bros. which is in bankruptcy. ALS, though, was not part of the filing. (2) EMC is owned by JPMorgan Chase. (E) Estimate. Source: MSN/Quarterly Data Report. Questions? E-mail Paul.Muolo@SourceMedia.com.

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