Wachovia Tops List of CMBS Servicers

Wachovia, with a $132.8 billion portfolio as of June 30, is now the largest primary and master servicer of commercial mortgage-backed securities, according to the Mortgage Bankers Association.GMAC Commercial Holding, with $118.9 billion, is the second-largest CMBS servicer on the MBA's list; Midland Loan Services, with $84.3 billion, is third; and Wells Fargo Commercial Mortgage Servicing, with $52.5 billion, is fourth. LNR Partners ranks as the No. 1 special servicer named on CMBS deals. LNR is named as the special servicer to manage troubled loans on $126 billion of CMBS deals.