Wachovia Tops Commercial Servicer List

Wachovia Securities was the largest commercial and multifamily mortgage servicer as of midyear, with $434.3 billion in primary and master servicing volume, according to the Mortgage Bankers Association. According to the MBA's midyear update, the other top commercial mortgage servicers were: Midland Loan Services/PNC Real Estate Finance ($273.8 billion), Capmark Finance ($258.3 billion), and Wells Fargo ($179.5 billion). The largest master and primary servicers of commercial/multifamily loans in U.S. commercial mortgage-backed securities, collateralized debt obligations, and other asset-backed securities were Wachovia, Midland/PNC, Capmark, and Wells Fargo, the MBA reported. The largest Fannie Mae/Freddie Mac servicers were Midland/PNC, Wachovia, Deutsche Bank, and Capmark. The MBA can be found online at http://www.mortgagebankers.org.