Largest Home Mortgage Servicers
May 13, 2005, 10:08 a.m. EDT 1 Min Read
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Largest Home Mortgage Servicers
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Published May 13, 2005 | ||||||
Rank | Volume | Market Share | ||||
2004 | 2003 | Change | 2004 | Change* | ||
1 | Countrywide Financial Corp. Calabasas, Calif. | $838,322 | $644,855 | 30% | 10.94% | 1.83 |
2 | Wells Fargo Home Mortgage San Francisco | 782,378 | 664,049 | 18 | 10.21 | 0.83 |
3 | Washington Mutual Seattle | 727,571 | 726,216 | 0 | 9.49 | -0.76 |
4 | Chase Home Finance Edison, N.J. | 562,708 | 517,178 | 9 | 7.34 | 0.04 |
5 | CitiMortgage Inc. O'Fallon, Mo. | 364,268 | 204,568 | 78 | 4.75 | 1.86 |
6 | Bank of America Charlotte | 332,467 | 275,135 | 21 | 4.34 | 0.45 |
7 | GMAC Residential Holdings 1 Horsham, Pa. | 231,766 | 201,191 | 15 | 3.02 | 0.18 |
8 | ABN Amro Mortgage Ann Arbor, Mich. | 201,154 | 207,140 | -3 | 2.62 | -0.30 |
9 | National City Mortgage Miamisburg, Ohio | 165,060 | 156,205 | 6 | 2.15 | -0.05 |
10 | Cendant/PHH Mortgage Mount Laurel, N.J. | 145,716 | 138,618 | 5 | 1.9 | -0.06 |
Top 50 Totals: | $5,951,967 | $5,062,75 | 18% | 77.66% | 6.24% | |
Total Outstanding Receivables | $7,664,000 | $7,081,000 | 8% |
Notes: Includes subservicing contracts. 2004 market share based on estimated U.S. housing receivables of $7.664 trillion on Dec. 31. Results incomplete because some companies would not disclose data. 1 General Motors subsidiary.
Source: National Mortgage News. Questions? Email:
Deartra.Todd@sourcemedia.com
.© 2005 American Banker