The Top Three Residential Servicers and Their Servicing Valuations
(Dollars in Millions)
Servicer Value of serv Value of serv Percent change
Name at 6-30-04/Serv at 6-30-03/Serv bal in serv. Value/bal
Wells Fargo $8,512 $3,821 123%
$740,220 $592,687 25%
Countrywide $8,334 $4,654 79%
$726,227 $559,124 30%
WaMu $7,501 $4,598 63%
$717,995 $726,920 -1%
Notes: The value of residential servicing rights is listed on the balance sheet of each of these publicly-traded firms as an asset.
Source: Company reports. Compiled by MSN/Quarterly Data Report.
Questions? Email: Paul.Muolo
Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com