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Top Subprime Servicers at 6/30/03

(Dollars in Millions)

(part 1 of 2)

Rank Organization Name Location

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

2 CitiFinancial Baltimore, MD

3 Fairbanks Capital Corp. (2) Salt Lake City, UT

4 Homecomings/GMAC-RFC Bloomington, MN

5 Ocwen Financial Corp. West Palm Beach, FL

6 Option One Mortgage Corp. Irvine, CA

7 Countrywide Financial Corp. Calabasas, CA

8 Chase Home Finance Woodcliff Lake, NJ

9 Ameriquest Mortgage Corp. (E) Orange, CA

10 Washington Mutual Seattle, WA

11 National City Home Loan Pittsburgh, PA

12 Key Consumer Real Estate Parsippany, NJ

13 Homeq Servicing Corp. North Highlands, CA

14 Wells Fargo Home Mortgage San Francisco, CA

15 Saxon Mortgage Glen Allen, VA

16 Impac Funding Corporation Newport Beach, CA

17 Centex Home Equity Company Dallas, TX

18 New Century Financial Corp. Irvine, CA

19 Wendover Financial Services Greensboro, NC

20 Equity One, Inc. Marlton, NJ

(part 2 of 2)

Total Servicing Vol. Percent Market

Rank 6/30/03 6/30/02 Change Share

1 $49,800 $48,888 2% 10.26%

2 $48,587 $44,788 8% 10.01%

3 $38,691 $33,552 15% 7.97%

4 $33,617 $21,327 58% 6.93%

5 $33,507 $25,648 31% 6.90%

6 $33,042 $25,712 29% 6.81%

7 $28,420 $23,079 23% 5.85%

8 $20,168 $15,757 28% 4.15%

9 $17,500 $13,001 35% 3.61%

10 $17,226 $14,119 22% 3.55%

11 $14,259 $8,859 61% 2.94%

12 $13,072 $6,850 91% 2.69%

13 $9,513 $7,731 23% 1.96%

14 $8,511 $4,241 101% 1.75%

15 $8,318 $6,417 30% 1.71%

16 $7,979 $6,939 15% 1.64%

17 $5,927 $4,591 29% 1.22%

18 $5,600 na na 1.15%

19 $5,579 $6,577 -15% 1.15%

20 $5,189 $3,953 31% 1.07%

Top 20 Totals:

$404,505 $322,027 26% 79.73%

Submitted Totals:

$437,112 $343,838 27%

$485,405 $386,433

Notes: Includes subservicing contracts. Results may be incomplete because some firms would not disclose subprime receivables. Market share is based on estimated subprime receivables of $524.53 billion. (E) Estimate. (1) Household was sold to HSBC in late March. (2) Fairbanks is owned by PMI.

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

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