Mergers Reshape the Business

+++

Deals completed between 6/30/95 and 6/30/96. Dollars in billions

Servicing

6 30 95

Rank Servicing (Restated %

6 30 96 Company name/parent 6 30 96 for merger Change*

1 Norwest Mortgage, Inc. $205.10 $178.30 15.03

Des Moines, Iowa

3 Chase Manhattan Mortgage Corp. 136.3 125.4 8.69

Edison, N.J.

4 Fleet Mortgage Group Inc. 116.7 111.3 4.79

Columbia, S.C.

7 Homeside Lending, Inc. 79.9 54.8 45.93

Jacksonville, Fla.

8 BankAmerica Mortgage 76 74.3 2.24

San Francisco

10 First Nationwide Mortgage Corp 52.2 59.8 -12.78

San Francisco

11 Mellon Mortgage Co. 49.6 44.8 10.74

Houston

17 Wells Fargo Bank, NA 33.5 36.1 -7.22

San Francisco

25 National City Mortgage Co. 20.9 17.3 20.89

Miamisburg, Ohio

33 First Chicago NBD Mortgage Co. 14.9 13.4 11.05

Troy, Mich.

part 2 of 2

Total

Residential

Rank Servicing

6 30 96 Companies merged 6 30 95

1 Prudential Home Mortgage Co. $77.80

Clayton, Mo.

3 Chemical Residential Mortgage Corp. 51.9

Edison, N.J.

4 Shawmut Mortgage Co. 8.2

West Hartford, Conn.

7 BancBoston Mortgage Companies, Inc. 39.2

Jacksonville, Fla.

Barnett Mortgage Co. 15.6

Jacksonville, Fla.

8 FBS Mortgage Corp. 9.8

Minneapolis

10 Lomas Financial Corp. 32.6

Dallas

San Francisco Federal Savings 4

11 Metmor Financial, Inc. 10.8

Overland Park, Kan.

17 First Interstate Mortgage Co. 10.9

Pasadena, Calif.

25 Integra Mortgage Co. 5.6

Pittsburgh

33 Midwest Mortgage Services, Inc. 4.6

Oakbrook Terrace, Ill.

Source: SNL Securities/American Banker ===

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER