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Top Subprime Subservicers at 6/30/04

(Dollars in Millions)

(part 1 of 2)

Rk Organization Name Location

1 Select Portfolio Servicing/Fairbanks Salt Lake City, UT

2 Option One Mortgage Corp. Irvine, CA

3 Mortgage Lenders Network, USA Middletown, CT

4 Ocwen Financial Corp. West Palm Beach, FL

5 Countrywide Financial Corp. Calabasas, CA

6 Homeq Servicing Corp. North Highlands, CA

7 Wilshire Credit Corp. Beaverton, OR

8 Wendover Financial Greensboro, NC

9 Ameriquest Mortgage Corp. (E) Orange, CA

10 People's Choice Home Loan, Inc Irvine, CA

(part 2 of 2)

Subservicing Volume %

Rk 6/30/2004 6/30/2003 Change

1 $18,061 $32,129 -44%

2 $15,014 $7,719 95%

3 $6,710 $4,166 61%

4 $6,165 $4,975 24%

5 $5,580 $2,986 87%

6 $3,151 1,856 70%

7 $1,955 $2,827 -31%

8 $1,685 $5,393 -69%

9 $1,375 $315 337%

10 $886 $333 166%

Top 10 Totals:

$60,582 $62,699 -3%

Submitted Totals:

$61,040 $62,946 -3%

Note: Results may vary because some firms would not disclose subprime subservicing figures. (E) Estimate.

Source: MSN/Quarterly Data Report. Questions: Email: Paul.MuoloThomsonMedia.com.

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