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Top Subprime Servicers at 3/31/09

Total Servicing Vol. Percent Market

Rk Organization Name Location 3/31/09 3/31/08 Change Share

1 ChaseWoodcliff Lake, NJ $107,898 $71,092 52% +11.43%

2 American Home Mortgage ServicingIrving, TX $107,874 $95,850 13% +11.43%

3 Bank of America/Countrywide (E)Calabasas, CA $89,000 $106,864 -17% +9.43%

4 HSBC Consumer Lending (E)Prospect Heights, IL $71,000 $40,000 78% +7.52%

5 CitiMortgage Inc. (E)Baltimore, MD $52,000 $95,125 -45% +5.51%

6 Litton Loan Servicing Inc. (E) (1)Houston, TX $52,000 $43,000 21% +5.51%

7 Wells Fargo & Company (E) San Francisco, CA $43,000 $52,000 -17% +4.55%

8 Saxon Mortgage Services (2)Irving, TX $42,358 $52,896 -20% +4.49%

9 Ocwen Loan Servicing LLCWest Palm Beach, FL $40,789 $49,320 -17% +4.32%

10 Homeq Servicing Corp. (3)North Highlands, CA $33,383 $44,096 -24% +3.54%

Submitted Totals: $639,302 $650,243 -2% 67.72%

Submitted Totals: $786,693 $834,821 -6% 78.79%

Notes: Includes subservicing contracts. Results may be incomplete because some subprime servicers would not provide figures. Market share cut based on outstanding subprime loans of $944 billion at March 31, 2009. (1) Litton is owned by Goldman. Sachs & Co. (2) Saxon is owned by Morgan Stanley. (3) Homeq is owned by Barclays Bank. (E) Estimate.

Source: Mortgage Servicing News.

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