Quantcast

Subprime Servicers Ranked by Number of Loans Serviced at 3/31/03

(Dollars in Millions)

(part 1 of 2)

Rank Organization Name Location

1 CitiFinancial Baltimore, MD

2 Household Financial Services (E) Prospect Heights, IL

3 Fairbanks Capital Corp. Salt Lake City, UT

4 Ocwen Financial Corp. West Palm Beach, FL

5 Homecomings/GMAC-RFC Bloomington, MN

6 Homeq Servicing Corp. North Highlands, CA

7 Countrywide Financial Corp. Calabasas, CA

8 Option One Mortgage Corp. Irvine, CA

9 Chase Home Finance Woodcliff Lake, NJ

10 Conseco Mortgage (E) St. Paul, MN

11 Ameriquest Mortgage Corp. (E) Orange, CA

12 Key Consumer Real Estate (E) Parsippany, NJ

13 National City Home Loan Pittsburgh, PA

14 Washington Mutual Seattle, WA

15 Wilshire Credit Corp. Portland, OR

16 PCFS Financial Services (E) Cincinnatti, OH

17 Centex Home Equity Company Dallas, TX

18 Saxon Mortgage Glen Allen, VA

19 Wendover Financial Services Greensboro, NC

20 Equity One, Inc. Marlton, NJ

(part 2 of 2)

No. Loans Serviced % Market

Rank 3/31/03 3/31/02 change Share

1 973,371 1,002,467 -3% 15.54%

2 677,040 655,000 3% 10.81%

3 571,585 498,121 15% 9.13%

4 322,528 304,644 6% 5.15%

5 283,471 186,426 52% 4.53%

6 274,707 369,748 -26% 4.39%

7 261,843 269,251 -3% 4.18%

8 237,563 206,286 15% 3.79%

9 192,088 204,485 -6% 3.07%

10 138,380 195,095 -29% 2.21%

11 133,000 104,502 27% 2.12%

12 128,875 na na 2.06%

13 119,792 77,612 54% 1.91%

14 113,435 81,330 39% 1.81%

15 98,068 79,116 24% 1.57%

16 78,250 58,625 33% 1.25%

17 74,540 62,833 19% 1.19%

18 73,036 65,346 12% 1.17%

19 68,521 92,396 -26% 1.09%

20 58,327 49,551 18% 0.93%

Top 20 Totals:

4,878,420 4,562,834 7% 70.25%

Totals Submitted:

5,219,686 4,788,626 9% 75.35%

5,854,104 5,475,401

Notes: Results may be incomplete because some firms would not disclose the number of loans they service. (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

Next in News ►