Wachovia Top Commercial Servicer in 2007

Wachovia Securities, Charlotte, N.C., with $407.9 billion in U.S. master and primary servicing, heads up the list of commercial and multifamily mortgage servicers at the end of 2007, the Mortgage Bankers Association reports. Wachovia is followed by Midland Loan Services/PNC Real Estate Finance, Pittsburgh, with $268.5 billion; Capmark Financial Group, Inc., Horsham, Penn., with $258.1 billion; and Wells Fargo, San Francisco, with $175.6 billion. Wachovia, Capmark, Midland/PNC and Wells Fargo are the largest master and primary servicers of commercial and multifamily loans that went into U.S. commercial mortgage and asset-backed securitizations, the Washington-based MBA reports. GEMSA Loan Services, Houston; Prudential Asset Resources, Newark, N.J.; Midland Loan Services/PNC Real Estate Finance and NorthMarq Capital are the largest servicers for life companies. Midland/PNC, Wachovia, Deutsche Bank, and Capmark are the largest Fannie Mae and Freddie Mac servicers. Wachovia also tops the list of master and primary servicers of commercial bank and savings institution loans; Capmark is the top servicer of FHA and Ginnie Mae-related loans.