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Subprime Delinquency Rates at 6/30/03

(Based on number of loans serviced)

(part 1 of 2)

Rk Organization Name Location

1 Fairbanks Capital Corp. Salt Lake City, UT

2 Homecomings/GMAC-RFC Bloomington, MN

3 Saxon Mortgage Glen Allen, VA

4 HomEq Servicing Corp. North Highland, CA

5 Wilshire Credit Corp. Beauorton, OR

6 American Business Financial Philadelphia, PA

7 Wendover Financial Services Greensboro, NC

8 WMC Mortgage Corp. Woodland Hills, CA

9 Washington Mutual Seattle, WA

10 National City Home Loan Pittsburgh, PA

(part 2 of 2)

Servicing # Total Fore-

Rk of Loans Past Due closures

1 458,226 28.85% 2.22%

2 303,947 23.42% 4.12%

3 71,511 15.86% 4.23%

4 170,321 13.10% 2.20%

5 98,900 11.80% 3.20%

6 na 11.00% na

7 63,149 10.99% 2.30%

8 11,616 10.40% 5.20%

9 121,567 10.31% 2.82%

10 132,972 9.83% 1.50%

Totals Submitted:

2,637,298 14.14% 2.83%

Note: Some firms would not disclose subprime delinquency numbers. (E) Estimate

Source: MSN/Quarterly Data Report. Questions? Email:

Paul.MuoloThomsonMedia.com.

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