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Subprime Delinquency Rates at June 30, 2003

(based on the number of loans serviced)

(part 1 of 2)

Servicing #

Rank Organization Name, Location of Loans

1 Fairbanks Capital Corp., Salt Lake City, UT 458,226

2 Homecomings/GMAC-RFC, Bloomington, MN 303,947

3 Saxon Mortgage, Glen Allen, VA 71,511

4 HomEq Servicing Corp., North Highland, CA 170,321

5 Wilshire Credit Corp., Beauorton, OR 98,900

6 American Business Financial, Philadelphia, PA na

7 Wendover Financial Services, Greensboro, NC 63,149

8 WMC Mortgage Corp., Woodland Hills, CA 11,616

9 Washington Mutual, Seattle, WA 121,567

10 National City Home Loan, Pittsburgh, PA 132,972

11 Chase Home Finance, Woodcliff Lake, NJ 212,833

12 Ocwen Financial Corp., West Palm Beach, FL 337,332

13 Wells Fargo Home Mortgage, San Francisco, CA 66,557

14 New South Federal Savings, Birmingham, AL 11,148

15 Centex Home Equity Company, Dallas, TX 78,257

16 Aurora Loan Services, Inc, Aurora, CO 67,847

17 Equity One, Inc., Marlton, NJ 61,005

18 Option One Mortgage Corp., Irvine, CA 253,847

19 Cimarron Mortgage, Jackson, MS 188

20 Mortgage Lenders Network, USA, Middletown, CT 53,938

21 NovaStar Mortgage, Inc., Westwood, KS 39,452

22 Accredited Home Lenders, San Diego, CA 22,126

23 Greystone Financial, El Segundo, CA na

24 Encore Credit Corporation, Irvine, CA 559

Totals: 2,637,298

(part 2 of 2)

Total 30-59 60-89 90+ Fore-

Rank Past Due days late days days closures

1 28.85% 8.99% 3.08% 14.56% 2.22%

2 23.42% 12.37% 3.30% 3.63% 4.12%

3 15.86% 5.84% 1.96% 3.83% 4.23%

4 13.10% 5.90% 1.80% 3.10% 2.20%

5 11.80% 2.80% 1.20% 4.60% 3.20%

6 11.00% na na na na

7 10.99% 4.90% 1.10% 2.69% 2.30%

8 10.40% 1.20% 0.50% 3.50% 5.20%

9 10.31% 2.70% 1.18% 3.61% 2.82%

10 9.83% 4.69% 1.73% 1.91% 1.50%

11 9.20% 2.10% 0.80% 4.00% 2.30%

12 8.51% 2.03% 0.35% 1.68% 4.45%

13 8.40% 4.60% 1.30% 0.30% 2.20%

14 7.52% 1.48% 0.84% 3.33% 1.87%

15 7.49% 3.21% 1.18% 0.90% 2.20%

16 7.10% 2.90% 0.90% 0.90% 2.40%

17 6.91% 1.66% 0.73% 4.51% na

18 6.61% 1.57% 0.70% 4.27% 3.04%

19 5.31% 3.74% 0.54% 0.88% 0.15%

20 4.18% 1.53% 0.53% 0.28% 1.84%

21 3.18% 0.76% 0.53% 0.30% 1.59%

22 2.17% 0.33% 0.11% 0.47% 1.27%

23 2.00% 2.00% 0.00% 0.00% 0.00%

24 0.50% 0.36% 0.02% 0.00% 0.12%

Totals:

14.14% 5.07% 1.61% 4.91% 2.83%

Note: Some firms would not disclose subprime deliquency numbers. (E) Estimate. Copyright 2003 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com