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Top Residential Servicers at March 31, 2009

Servicing Volume % Market Mkt Shr

Rank Name 3/31/09 3/31/08 Change Share % pt. +/-

1 Bank of America (1) $2,112,800 $529,666 299% 21.63% +16.06%

2 Wells Fargo & Co. $1,767,808 $1,482,466 19% 18.10% +2.53%

3 Chase $1,477,630 $794,706 86% 15.13% +6.78%

4 CitiMortgage Inc. $791,936 $798,761 -1% 8.11% -0.28%

5 Residential Capital LLC (GMAC) $390,657 $449,002 -13% 4.00% -0.72%

6 National City Mortgage (2) $181,925 $192,359 -5% 1.86% -0.16%

7 SunTrust Mortgage Inc. $164,149 $155,451 6% 1.68% +0.05%

8 U.S. Bank Home Mortgage $159,549 $123,040 30% 1.63% +0.34%

9 OneWest Financial/IndyMac (E) (3) $150,000 $200,696 -25% 1.54% -0.57%

10 PHH Mortgage $149,183 $161,236 -7% 1.53% -0.17%

11 Aurora Loan Services Inc. (E) (4) $116,000 $109,667 6% 1.19% +0.04%

12 MetLife Home Loans (5) $93,197 na na 0.95% na

Servicing Volume % Market Mkt Shr

Rank Organization Name Location 3/31/09 3/31/08 Change Share % pt. +/-

13 Taylor, Bean & Whitaker Ocala, FL $78,236 $61,398 27% 0.80% +0.16%

14 Branch Banking & Trust Co. Wilson, NC $76,923 $67,648 14% 0.79% +0.08%

15 Dovenmuehle Mortgage (SS) (E) Lake Zurich, IL $74,500 $71,125 5% 0.76% +0.02%

16 Flagstar Bank FSB Troy, MI $68,522 $47,627 44% 0.70% +0.20%

17 HSBC Mortgage Corp. USA Depew, NY $67,219 $66,864 1% 0.69% -0.01%

18 Annaly Capital Investment (R) New York, NY $54,763 $56,120 -2% 0.56% -0.03%

19 Fifth Third Mortgage Cincinnati, OH $52,355 $46,836 12% 0.54%+ 0.04%

20 Cenlar FSB Ewing, NJ $46,000 $54,000 -15% 0.47% -0.10%

Top 20 Totals: $8,073,352 $5,468,668 48% 82.64% 24.26%

Total Outstanding Receivables $9,769,012 $9,521,821 3%

Notes: Includes subservicing contracts. Results may be incomplete because some firms would not disclose figures. Market share cut based on estimated U.S. housing debt of $9.769 trillion, which takes into account both first and second liens. (1) BoA's figures include Countrywide which it did not own in the year ago quarter. This explains the largest increase in its servicing rights. (2) National City is owned by PNC. (3) One West includes the old IndyMac franchise which is now controlled by private equity investors. (4) ALS is owned residential servicing. (E) Estimate. (R) Firm is a mortgage investing REIT. (SS) Company is mostly engaged in subservicing.

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

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