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Top Residential Servicers at June 30, 2009

Servicing Volume Percent Market Mkt Shr

Rk Organization Name 6/30/09 6/30/08 Change Share % pt. +/-

1 Bank of America (1)$2,062,561 $540,813 281% 20.9% +15.3%

2 Wells Fargo & Co.$1,782,071 $1,496,128 19% 18.1% +2.5%

3 Chase$1,443,122 $829,132 74% 14.6% +6.0%

4 CitiMortgage Inc.$768,998 $816,785 -6% 7.8% -0.7%

5 Residential Capital LLC (GMAC)$383,252 $397,842 -4% 3.9% -0.3%

6 National City Mortgage (2)$176,562 $190,459 -7% 1.8% -0.2%

7 U.S. Bank Home Mortgage$171,145 $128,699 33% 1.7% +0.4%

8 SunTrust Mortgage Inc.$170,888 $153,152 12% 1.7% +0.1%

9 PHH Mortgage$149,183 $145,174 3% 1.5% +0.0%

10 OneWest Financial/IndyMac (E) (3) $140,000 $196,682 -29% 1.4% -0.6%

11 Aurora Loan Services Inc. (4)Aurora, CO $105,903 $125,100 -15% 1.1% -0.2%

12 MetLife Home LoansMemphis, TN $97,900 na na 1% na

13 Branch Banking & Trust Co.Wilson, NC $80,131 $70,116 14% 0.8% +0.1%

14 Taylor, Bean & Whitaker (E) (5)Ocala, FL $76,000 $66,390 14% 0.8% +0.1%

15 Dovenmuehle Mortgage (E) (SS)Lake Zurich, IL $73,000 $72,548 1% 0.7% -0.0%

16 Annaly Capital Investment (R)New York, NY $65,165 $58,017 12% 0.7% +0.1%

17 HSBC Mortgage Corp. USADepew, NY $64,417 $67,123 -4% 0.7% -0.1%

18Flagstar Bank FSBTroy, MI $61,531 $54,581 13% 0.6% +0.1%

19 Fifth Third MortgageCincinnati, OH $55,069 $49,229 12% 0.6% +0.1%

20 Cenlar FSB (SS)Ewing, NJ $46,000 $53,465 -14% 0.5% -0.1%

Top 20 Totals: $7,972,898 $5,511,435 45% 77.9% 23.06%

Total Outstanding Receivables: $9,867,223 $9,617,502 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 $9.867 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 was owned by Lehman but was not part of its bankruptcy. (5) TBW is in bankruptcy. (E) Estimate. (R) Firm is a mortgage investing REIT. (SS) Company is mostly engaged in subservicing.

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

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