Wells Fargo/Wachovia Bank Top Commercial Servicer at Midyear

Wells Fargo/Wachovia Bank tops the list of firms in the Mortgage Bankers Association's midyear ranking of commercial and multifamily mortgage servicers, with $476.2 billion in U.S. master and primary servicing. PNC Real Estate/Midland Loan Services follows on the list, with $308.5 billion, followed by Capmark Finance with $248.7 billion, KeyBank Real Estate Capital with $133.1 billion, Bank of America with $132.2 billion and GEMSA Loan Services with $104.8 billion. Wells Fargo/Wachovia Bank, PNC/Midland, Capmark and Bank of America are the largest master and primary servicers of commercial/multifamily loans in U.S. CMBS, CDO and other ABS; GEMSA Loan Services, Prudential Asset Resources, PNC/Midland, and Northwestern Mutual are the largest servicers for life companies; PNC/Midland, Wells Fargo/Wachovia Bank, Deutsche Bank and Capmark are the largest Fannie Mae/Freddie Mac servicers.