After Citi Buys Principal Residential What the New Servicer Will Look Like

(Dollars in Millions)

(part 1 of 2)

Company Serv. # 3-31-04 Serv. Rank

CitiMortgage, (1) $221,493 6

Principal Res. $118,372 11

Combined: $339,865 5

(part 2 of 2)

Company # of Lns. Serv. Software

CitiMortgage, (1) 1,694,553 In-house sys.

Principal Res. 952,553 In-house-sys.

Combined: 2,647,106 na

Notes: (1) In early 2003 Citi bought First Nationwide Mortgage, a large servicer that was using Alltel's technology for servicing loans. In-house systems often are developed by a servicer in tandem with a technology service bureau.

Source: MSN/QDR/Mortgage Industry Directory.

Questions? Email: Paul.MuoloThomsonMedia.com. Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com

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