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Top Subprime Servicers at 6/30/05

(Dollars in Millions)

(part 1 of 2)

Rk Organization Name Location

1 Countrywide Financial Corp. Calabasas, CA

2 Ameriquest Mortgage Corp. (E) Orange, CA

3 Option One Mortgage Corp. Irvine, CA

4 CitiFinancial Baltimore, MD

5 Chase Home Finance Woodcliff Lake, NJ

6 Homeq Servicing Corp. North Highlands, CA

7 Homecomings Financial Minneapolis, MN

8 Wells Fargo Home Mort. San Francisco, CA

9 Ocwen Financial Corp. W. Palm Beach, FL

10 HSBC Mort. Serv.s/Household Charlotte, NC

Rk Organization Name Location

11 New Century Financial Corp. Irvine, CA

12 National City Home Loan Pittsburgh, PA

13 Saxon Mortgage Glen Allen, VA

14 Select Portfolio Servicing (1) Salt Lake City, UT

15 Washington Mutual Seattle, WA

16 Key Consumer Real Estate Parsippany, NJ

17 NovaStar Mortgage, Inc. Kansas City, MO

18 EMC Mortgage (E) Irving, TX

19 Wilshire Credit Corp. (E) Beaverton, OR

20 Centex Home Equity Company Dallas, TX

(part 2 of 2)

Total Servicing Vol. %

Rk 6/30/2005 6/30/2004 Change

1 $108,812 $58,076 87%

2 $98,250 $35,000 181%

3 $70,820 $48,639 46%

4 $55,149 $54,031 2%

5 $53,019 $36,423 46%

6 $50,786 $26,057 95%

7 $49,043 $48,206 2%

8 $39,076 $26,064 50%

9 $37,873 $33,734 12%

10 $36,873 $27,127 36%

Total Servicing Vol. Percent Market

Rk 6/30/2005 6/30/2004 Change Share

11 $31,245 $20,793 50% 3.06%

12 $28,700 $22,252 29% 2.81%

13 $24,731 $11,364 118% 2.42%

14 $22,118 $26,649 -17% 2.16%

15 $17,335 $16,217 7% 1.70%

16 $13,904 $14,631 -5% 1.36%

17 $13,381 $9,589 40% 1.31%

18 $12,100 $11,000 10% 1.18%

19 $11,500 $7,029 64% 1.12%

20 $9,971 $8,009 24% 0.98%

Top 20 Totals:

$784,686 $540,889 45% 64.84%

Submitted Totals:

$851,853 $584,334 46% 71.14%

Notes: Includes sub-servicing contracts. Results may vary because some firms would not disclose subprime receivables. Market share is based on estimated subprime receivables of $1.02 trillion. (E) Estimate. (1) Select is in the process of being sold to CSFB.

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

(c) 2005 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

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