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Top Subprime Servicers at 03/31/2004

(Dollars in Millions)

(part 1 of 2)

Rank Organization Name, Location

1 CitiFinancial, Baltimore, MD

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

3 Countrywide Financial Corporation, Calabasas, CA

4 Homecomings Financial/GMAC-RFC, Bloomington, MN

5 Option One Mortgage Corp., Irvine, CA

6 Ocwen Financial Corp, West Palm Beach, FL

7 Chase Home Finance, Woodcliff Lake, NJ

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

9 Wells Fargo Home Mortgage, San Francisco, CA

10 Key Consumer Real Estate, Parsippany, NJ

11 New Century Financial Corp., Irvine, CA

12 PCFS Financial Services, Cincinnati, OH

13 EMC Mortgage Corp., Irving, TX

14 Saxon Mortgage, Glen Allen, VA

15 NovaStar Mortgage, Inc., Kansas City, MO

16 Centex Home Equity Company, Dallas, TX

17 Equity One, Inc., Marlton, NJ

18 Wilshire Credit Corp., Beaverton, OR

19 Mortgage Lenders Network, USA, Middletown, CT

20 Accredited Home Lenders, San Diego, CA

(part 2 of 2)

Total Servicing Vol. %

Rank 3/31/04 3/31/03 Change

1 $53,048 $48,003 11%

2 $52,440 $47,256 11%

3 $50,108 $27,293 84%

4 $46,986 $30,596 54%

5 $43,450 $30,091 44%

6 $36,397 $29,990 21%

7 $31,869 $16,945 88%

8 $31,322 $53,214 -41%

9 $22,662 $7,163 216%

10 $14,963 $7,300 105%

11 $12,900 $4,100 215%

12 $12,352 $9,464 31%

13 $11,250 n/a n/a

14 $10,127 $8,395 21%

15 $8,429 $4,213 100%

16 $7,272 $5,491 32%

17 $6,943 $4,777 45%

18 $5,905 $4,700 26%

19 $5,834 $3,951 48%

20 $4,327 $2,581 68%

Submitted Totals:

$468,584 $345,523 36%

Notes: Includes subservicing contracts. Results may vary because some firms would not disclose subprime receivables.

Market share is based on estimated subprime receivables of $667.3 billion.

(E) Estimate. (1) Household was sold to HSBC in late March. (2) Fairbanks is owned, in part, by PMI. Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com

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