Quantcast

Top Residential Second Lien Servicers at Dec. 31, 2004

(Dollars in Millions)

(part 1 of 2)

Rk Organization Name Location

1 Chase Home Finance Edison, NJ

2 Bank of America Charlotte, NC

3 Countrywide Financial Corp. Calabasas, CA

4 National City Bank Cleveland, OH

5 Washington Mutual Seattle, WA

6 CitiMortgage, Inc. O'Fallon, MO

7 GMAC Residential Holdings Horsham, PA

8 ABN Amro Mortgage Ann Arbor, MI

9 Wilshire Credit Corp. (BC) Beaverton, OR

10 CitiFinancial (BC) Baltimore, MD

11 AmSouth Mortgage Birmingham, AL

12 Homecomings Minneapolis, MN

13 GreenPoint Mortgage Funding Novato, CA

14 Household (BC) (1) Prospect Heights, IL

15 Navy FCU Merrifield, VA

16 Homeq Servicing Corp. (BC) North Highlands, CA

17 Webster Bank Cheshire, CT

18 National City Home Loan (BC) Pittsburgh, PA

19 Mortgage Lenders Network, USA (BC) Middletown, CT

20 Aurora Loan Services, Inc. (2) Aurora, CO

21 Mid America Bank Clarendon Hills, IL

22 CIT Group Consumer Finance (BC) Livingston, NJ

23 Zions First National Bank Salt Lake City, UT

24 Commercial Federal Mtg. Corp. Omaha, NE

25 Synovus Mortgage Corp. Birmingham, AL

(part 2 of 2)

2nd Serviced 2nd Serviced %

Rk at 12/31/04 at 12/31/03 Change

1 $65,551 $16,257 303%

2 $59,346 $28,600 108%

3 $45,053 $19,039 137%

4 $22,113 $15,380 44%

5 $19,809 $24,896 -20%

6 $17,107 $10,668 60%

7 $10,776 $7,374 46%

8 $9,273 $7,453 24%

9 $5,100 $2,900 76%

10 $4,431 $4,479 -1%

11 $4,342 $5,459 -20%

12 $4,059 $3,315 22%

13 $3,797 $1,818 109%

14 $3,720 na na

15 $2,910 $1,266 130%

16 $2,465 $2,320 6%

17 $2,089 $2,163 -3%

18 $1,908 $1,091 75%

19 $1,796 $755 138%

20 $1,408 $1,141 23%

21 $1,334 $996 34%

22 $1,229 $1,868 -34%

23 $1,104 $838 32%

24 $1,007 $859 17%

25 $973 na na

Top 25 Totals:

$292,700 $160,934 81.90%

Totals Submitted:

$303,539 $170,208 78.30%

Notes: Results may be incomplete because some firms would not disclose seconds serviced. When MSN/QDR surveys lenders it asks for a combined HELOC and HELs servicing figure. (BC) Firm is a subprime specialist. (1) Owned by HSBC Mortgage. (2) Owned by Lehman Bros.

Source: MSN/Alternative Products QDR. Questions? Email: Paul.MuoloSourceMedia.com.

Copyright 2005 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com

Next in News ►