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Top Alt-A Servicers in 1Q 09

Alt-A Servicers %

Rk Organization Name Location 1Q 09 1Q 08 change

1 Aurora Loan Services (E)(1)Aurora, CO $78,000 $67,296 16%

2 Wells Fargo & Co.San Francisco, CA $75,872 $79,967 -5%

3 Bank of America (E)(2)Charlotte, NC $74,000 na na

4 Residential Capital LLC (GMAC) (E1)Minneapolis, MN $64,420 $68,000 -5%

5 CitiMortgage Inc.O'Fallon, MO $62,255 $69,728 -11%

6 EMC Mortgage (E)(3)Lewisville, TX $24,048 $57,534 -58%

7 National City MortgageMiamisburg, OH $11,268 $12,684 -11%

8 SunTrust Mortgage Inc.Richmond, VA $9,170 $11,081 -17%

9 Ocwen Loan Servicing LLC (BC)West Palm Beach, FL $7,114 $4,649 53%

10 Central Mortgage Co.Little Rock, AR $3,553$3,801 -7%

Top 10 Totals: $409,700 $374,740 9%

Submitted Totals: $422,219 $384,844 10%

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. (E1) Year-ago comparison is an estimate. (E) Estimate. (1) ALS is owned by Lehman Bros. which is in bankruptcy. (2) BoA's alt-A portfolio was inherited from Countrywide. (3) EMC is owned by JPMorgan Chase.

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

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