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Top Subprime Servicers at 12/31/09

Total Servicing Vol. Percent Market

Rk Organization Name Location 12/31/09 12/31/08 Change Share

1 Chase (1) Woodcliff Lake, NJ $97,943 $109,098 -10% +12.60%

2 American Home Mortgage (2) Irving, TX 94,509 84,375 12 +12.16

3 Bank of America (E)(3) Calabasas, CA 70,000 87,519 -20 +9.01

4 Litton Loan Servicing Inc. (E)(4) Houston, TX 52,000 50,085 4 +6.69

5 Ocwen Loan Servicing LLC West Palm Beach, FL 48,784 40,171 21 +6.28

6 CitiMortgage Inc. (E) Baltimore, MD 40,000 55,200 -28 +5.15

7 Wells Fargo & Co. (E) San Francisco, CA 36,000 45,600 -21 +4.63

8 Select Portfolio Servicing (E)(5) Salt Lake City, UT 29,000 30,400 -5 +3.73

9 Homeq Servicing Corp. North Highlands, CA 27,740 35,564 -22 +3.57

10 Saxon Mortgage Services (6) Irving, TX 26,487 44,967 -41 +3.41

Top 10 Totals: 522,462 582,980 -10 67.23

Submitted Totals: 647,602 766,524 -16 79.46

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 $777 billion at Dec. 31, 2009. NMN/QDR assumes it has captured 80% of the market. (1) Chase's subprime servicing includes receivables once owned by Washington Mutual and EMC. (2) AmHome is owned by W.L. Ross & Co. (3) B of A would not provide a figure. Its subprime servicing includes receivables once owned by Countrywide. (4) Litton is owned by Goldman Sachs. (5) SPS is owned by Credit Suisse. (6) Saxon is owned by Morgan Stanley. (E) Estimate.

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

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