Largest Home Mortgage Servicers in 2003
April 22, 2004, 10:08 a.m. EDT 1 Min Read
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Largest Home Mortgage Servicers in 2003
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| Published April 22, 2004 | ||||||
| Rank | Volume | Market Share | ||||
| 2003 | 2002 | Change | 2003 | Change* | ||
| 1 | Washington Mutual Seattle | $726,216 | $723,147 | NM | 10.26% | -1.21% |
| 2 | Wells Fargo Home Mortgage Des Moines | 664,049 | 570,312 | 16% | 9.38 | 0.33 |
| 3 | Countrywide Financial Corp. Calabasas, Calif. | 644,855 | 452,405 | 43 | 9.11 | 1.93 |
| 4 | Chase Home Finance Edison, N.J. | 470,040 | 426,020 | 10 | 6.64 | -0.12 |
| 5 | Bank of America Charlotte | 246,450 | 264,520 | -7 | 3.48 | -0.71 |
| 6 | ABN Amro Mortgage Ann Arbor, Mich. | 207,140 | 184,456 | 12 | 2.93 | 0.00 |
| 7 | CitiMortgage Inc. OFallon, Mo. | 204,568 | 115,400 | 77 | 2.89 | 1.06 |
| 8 | GMAC Residential Holdings Horsham, Pa. | 201,191 | 198,637 | 1 | 2.84 | -0.31 |
| 9 | National City Mortgage Miamisburg, Ohio | 152,205 | 123,099 | 24 | 2.15 | 0.20 |
| 10 | Cendant Mortgage Mt. Laurel, N.J. | 138,618 | 115,847 | 20 | 1.96 | 0.12 |
| Entire industry * | 7,081,000 | 6,305,000 | 12 | |||
Notes: Includes subservicing contracts. Market share based on total estimated U.S. housing receivables of $7.081 trillion on Dec. 31. This ranking excludes subprime servicing specialists. Results are incomplete because some firms did not respond.
* Some estimating involved in these numbers.
Source: National Mortgage News. Questions? Email:
paul.muolo@sourcemedia.com
.© 2004 American Banker