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Top Subprime Servicers at 12/31/02

(part 1 of 2)

(Dollars in Millions)

Rank Organization Name Location

1 Fairbanks Capital Corp. Salt Lake City, UT

2 CitiFinancial Baltimore, MD

3 Household Financial Services (E)Prospect Heights, IL

4 Ocwen Financial Corp. West Palm Beach, FL

5 Option One Mortgage Corp. Irvine, CA

Rank Organization Name Location

6 Homecomings/GMAC-RFC Bloomington, MN

7 Countrywide Financial Corp. Calabasas, CA

8 Homeq Servicing Corp. North Highlands, CA

9 Chase Home Finance Woodcliff Lake, NJ

10 Ameriquest Mortgage Corp. (E) Orange, CA

11 Washington Mutual Seattle, WA

12 Altegra/National City Home Loan Pittsburgh, PA

13 Conseco Mortgage St. Paul, MN

14 Impac Funding Corporation Newport Beach, CA

15 PCFS Financial Services Cincinnatti, OH

16 Saxon Mortgage Glen Allen, VA

17 Key Consumer Real Estate Parsippany, NJ

18 Wendover Financial Services Greensboro, NC

19 Wells Fargo Home Mortgage Des Moines, IA

20 Centex Home Equity Company Dallas, TX

(part 2 of 2)

Total Servicing Vol.

Rank 12/31/02 12/31/01

1 $49,313 $14,106

2 $47,313 $43,848

3 $47,000 $44,719

4 $30,414 $22,169

5 $28,071 $21,403

Total Servicing Vol. Percent Market

Rank 12/31/02 12/31/01 Change Share

6 $27,353 $17,040 61% 5.40%

7 $25,181 $21,332 18% 4.97%

8 $16,749 $21,888 -23% 3.31%

9 $16,167 $15,872 2% 3.19%

10 $16,000 $10,393 54% 3.16%

11 $14,529 $9,387 55% 2.87%

12 $13,924 $7,283 91% 2.75%

13 $8,843 $11,851 -25% 1.75%

14 $8,694 $5,569 56% 1.72%

15 $7,828 $4,170 88% 1.55%

16 $7,576 $6,355 19% 1.50%

17 $7,100 $6,000 18% 1.40%

18 $6,267 $6,993 -10% 1.24%

19 $6,082 $3,176 91% 1.20%

20 $5,171 $4,201 23% 1.02%

Top 20 Totals:

$389,573 $297,755 30.80% 64.50%

Submitted Totals:

$421,931 $322,861 30.70% 83.33%

Notes: Includes sub-servicing volume. Results may vary because some firms would not disclose subprime receivables. Market share is based on estimated subprime receivables of $505 billion. (E) Estimate.

Source: MSN/Quarterly Data Report. Questions? Email: Paul.Muolothomsonmedia.com.

Copyright 2003 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com, http://www.mortgageservicingnews.com

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