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Top Subprime Servicers at 3/31/03

(Dollars in Millions)

(part 1 of 2)

Rank Organization Name Location

1 Fairbanks Capital Corp. Salt Lake City, UT

2 CitiFinancial Baltimore, MD

3 Household Financial Services(E)(1) Prospect Heights, IL

4 Homecomings/GMAC-RFC Bloomington, MN

5 Option One Mortgage Corp. Irvine, CA

6 Ocwen Financial Corp. West Palm Beach, FL

7 Countrywide Financial Corp. Calabasas, CA

8 Ameriquest Mortgage Corp. (E) Orange, CA

9 Chase Home Finance Woodcliff Lake, NJ

10 Homeq Servicing Corp. North Highlands, CA

11 Washington Mutual Seattle, WA

12 National City Home Loan Pittsburgh, PA

13 Saxon Mortgage Glen Allen, VA

14 Conseco Mortgage St. Paul, MN

15 PCFS Financial Services Cincinnatti, OH

Rank Organization Name Location

16 Key Consumer Real Estate Parsippany, NJ

17 Wells Fargo Home Mortgage San Francisco, CA

18 Impac Funding Corporation Newport Beach, CA

19 Wendover Financial Services Greensboro, NC

20 Centex Home Equity Company Dallas, TX

(part 2 of 2)

Total Servicing Vol.

Rank 3/31/03 3/31/02

1 $53,214 $35,278

2 $48,003 $44,323

3 $48,000 $46,249

4 $30,596 $18,874

5 $30,091 $23,468

6 $29,990 $23,177

7 $27,293 $22,558

8 $17,000 $11,441

9 $16,945 $16,280

10 $16,376 $19,392

11 $15,804 $10,261

12 $13,129 $7,914

13 $8,395 $6,441

14 $8,144 $11,321

15 $7,900 $4,522

Total Servicing Vol. Percent Market

Rank 3/31/03 3/31/02 Change Share

16 $7,300 $5,700 28% 1.37%

17 $7,163 $3,645 97% 1.35%

18 $6,727 $6,157 9% 1.27%

19 $5,827 $6,708 -13% 1.10%

20 $5,491 $4,377 25% 1.03%

Top 20 Totals:

$403,388 $328,085 23.00% 66.92%

Submitted Totals:

$443,135 $353,127 25.50% 74.39%

Notes: Includes sub-servicing contracts. Results may be incomplete because some firms would not disclose subprime receivables. Market share is based on estimated subprime receivables of $531.76 billion. (E) Estimate. (1) Household was sold to HSBC in late March.

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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