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Top Residential Servicing Gainers in 1Q 2004

(Dollars in Millions)

(part 1 of 2)

Rk Organization Name Location

1 Mortgage Investors Corp. St. Petersburg, FL

2 Ivanhoe Financial, Inc. Orlando, FL

3 Homestar Mortgage Services Paramus, NJ

4 Thornburg Mortgage, Inc. Sante Fe, NM

5 Homeq Servicing Corp. North Highlands, CA

6 Fidelity Bank Wichita, KS

7 Fieldstone Mortgage Columbia, MD

8 Netbank Columbia, SC

9 Irwin Mortgage Corp. Fishers, IN

10 Cimarron Mortgage Jackson, MS

Rk Organization Name Location

11 State Employees CU Raleigh, NC

12 Countrywide Financial Corp. Calabasas, CA

13 B.F. Saul Mtg./Chevy Chase Bank Bethesda, MD

14 Mid America Bank, FSB Clarendon Hills, IL

15 LoanCare Servicing Center Inc. Norfolk, VA

16 Golden West Financial Corp./World Oakland, CA

17 IndyMac Bancorp, Inc. Pasadena, CA

18 HSBC Mortgage Corp. USA Depew, NY

19 Waterfield Mortgage Fort Wayne, IN

20 Aurora Loan Services, Inc. Aurora, CO

(part 2 of 2)

Servicing Volume % Market

Rk 3/31/04 3/31/03 Change Share

1 $1,980 $128 1447% 0.03%

2 $840 $226 272% 0.01%

3 $2,929 $1,143 156% 0.04%

4 $5,381 $2,609 106% 0.07%

5 $28,401 $16,376 73% 0.39%

6 $2,310 $1,415 63% 0.03%

7 $2,133 $1,329 60% 0.03%

8 $17,581 $12,021 46% 0.24%

9 $29,520 $20,246 46% 0.41%

10 $811 $575 41% 0.01%

11 $6,812 $4,961 37% 0.09%

12 $682,848 $502,079 36% 9.45%

13 $15,751 $12,025 31% 0.22%

14 $7,303 $5,653 29% 0.10%

15 $4,829 $3,758 28% 0.07%

16 $83,079 $65,432 27% 1.15%

17 $38,930 $30,944 26% 0.54%

18 $56,770 $45,790 24% 0.79%

19 $19,617 $15,824 24% 0.27%

20 $42,940 $34,681 24% 0.59%

Total Outstanding Receivables:

$1,050,765 $777,215 35% 14.55%

Top 20 Totals:

$7,222,620 $6,566,000 10%

Notes: Includes subservicing contracts. Market share based on total estimated U.S. housing receivables of $7.223 trillion at 3/31/04.

This ranking excludes subprime servicing specialists. Results may be incomplete because some firms would not respond. (E) Estimate.

Source: MSN/Quarterly Data Report. 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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