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Top Subprime Servicers at 9/30/03

(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 Option One Mortgage Corp. Irvine, CA

6 Ocwen Financial Corp. West Palm Beach, FL

7 Countrywide Financial Corp. Calabasas, CA

8 Chase Home Finance Woodcliff Lake, NJ

9 Homeq Servicing Corp. North Highlands, CA

10 EMC Mortgage (E) Irving, TX

11 Washington Mutual Seattle, WA

12 Ameriquest Mortgage Corp. (E) Orange, CA

13 National City Home Loan Pittsburgh, PA

14 Key Consumer Real Estate Parsippany, NJ

15 PCFS Financial Services Cincinnati, OH

16 Wells Fargo Home Mortgage San Francisco, CA

17 New Century Financial Corp. Irvine, CA

18 Saxon Mortgage Glen Allen, VA

19 Centex Home Equity Company Dallas, TX

20 NovaStar Mortgage, Inc. Westwood, KS

(part 2 of 2)

Total Servicing Vol. Percent Market

Rank 9/30/03 9/30/02 Change Share

1 $52,500 $49,000 7% 8.41%

2 $49,784 $45,468 9% 7.97%

3 $47,047 $36,178 30% 7.53%

4 $38,190 $24,618 55% 6.12%

5 $37,011 $26,125 42% 5.93%

6 $36,914 $29,522 25% 5.91%

7 $29,783 $24,619 21% 4.77%

8 $24,546 $15,493 58% 3.93%

9 $20,763 $17,813 17% 3.33%

10 $21,000 na na 3.36%

11 $18,785 $12,599 49% 3.01%

12 $18,375 $15,850 16% 2.94%

13 $17,143 $11,051 55% 2.75

14 $14,867 $6,900 115% 2.38%

15 $10,677 $7,395 44% 1.71%

16 $10,635 $5,153 106% 1.70%

17 $9,681 na na 1.55%

18 $8,778 $6,915 27% 1.41%

19 $6,429 $4,826 33% 1.03%

20 $6,161 $2,908 112% 0.99%

Top 20 Totals:

$479,069 $342,433 40% 65.37%

Submitted Totals:

$520,349 $372,200 40% 74.93%

Notes: Includes sub-servicing contracts. Results may vary because some firms would not disclose subprime receivables. Market share is based on estimated subprime receivables of $624.41 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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