Leading Residential Servicers
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| Published October 24, 2006 | ||||||
| Production | Year earlier | Change | Market Share | Change | ||
| 1 | Countrywide Financial Corp. Calabasas, Calif. | $1,196,720 | $964,444 | 24.10% | 13.91% | 1.80% |
| 2 | Wells Fargo Home Mortgage San Francisco | 1,116,561 | 905,527 | 23.3 | 12.97 | 1.6 |
| 3 | Washington Mutual Seattle | 756,613 | 739,047 | 2.4 | 8.79 | -0.5 |
| 4 | Chase Home Finance Iselin, N.J. | 639,594 | 571,642 | 11.9 | 7.43 | 0.3 |
| 5 | CitiMortgage Inc. OFallon, Mo. | 480,589 | 379,844 | 26.5 | 5.58 | 0.8 |
| 6 | Bank of America Charlotte | 391,266 | 346,101 | 13 | 4.55 | 0.2 |
| 7 | GMAC Residential Holdings (1) Horsham, Pa. | 305,877 | 257,871 | 18.6 | 3.55 | 0.3 |
| 8 | ABN Amro Mortgage Ann Arbor, Mich. | 219,562 | 202,075 | 8.7 | 2.55 | 0 |
| 9 | National City Mortgage Miamisburg, Ohio | 169,588 | 167,528 | 1.2 | 1.97 | -0.1 |
| 10 | PHH Mortgage Mount Laurel, N.J. | 158,726 | 146,657 | 8.2 | 1.84 | 0 |
| 11 | Golden West Financial Corp./World (2) Oakland, Calif | 123,008 | 112,746 | 9.1 | 1.43 | 0 |
| 12 | Homecomings Financial (1) Minneapolis | 118,232 | 87,484 | 35.1 | 1.37 | 0.3 |
| 13 | SunTrust Mortgage Inc. Richmond | 118,204 | 89,103 | 32.7 | 1.37 | 0.3 |
| 14 | IndyMac Bancorp Inc. Pasadena, Calif. | 117,417 | 70,358 | 66.9 | 1.36 | 0.5 |
| 15 | Ameriquest Mortgage Corp. (E) (BC) Orange, Calif. | 112,000 | 98,250 | 14 | 1.3 | 0.1 |
| 16 | First Horizon Home Loans Irving, Tex. | 99,304 | 90,823 | 9.3 | 1.15 | 0 |
| 17 | U.S. Bank Home Mortgage Bloomington, Minn. | 93,457 | 78,636 | 18.8 | 1.09 | 0.1 |
| 18 | Aurora Loan Services Inc. (AA) (3) Aurora, Colo. | 84,756 | 73,428 | 15.4 | 0.98 | 0.1 |
| 19 | Option One Mortgage Corp. (4) (BC) Irvine, Calif. | 74,060 | 69,860 | 6 | 0.86 | 0 |
| 20 | HSBC Mortgage Corp. USA (5) Depew, N.Y. | 64,902 | 65,140 | -0.4 | 0.75 | -0.1 |
| 21 | Dovenmuehle Mortgage (E) (SS) Lake Zurich, Ill. | 63,250 | 55,500 | 14 | 0.73 | 0 |
| 22 | CitiFinancial (E) (6) (BC) Baltimore | 62,000 | 55,149 | 12.4 | 0.72 | 0 |
| 23 | EMC Mortgage (7) Lewisville, Tex. | 59,421 | 35,588 | 67 | 0.69 | 0.2 |
| 24 | BB&T Financial Corp. Wilson,N.C. | 56,771 | 53,217 | 6.7 | 0.66 | 0 |
| 25 | HSBC Mortgage Services (BC) (5) Charlotte | 50,522 | 36,873 | 37 | 0.59 | 0.1 |
| 26 | GreenPoint Mortgage Funding (8) Novato, Calif. | 49,237 | 48,276 | 2 | 0.57 | 0 |
| 27 | Cenlar FSB (SS) Ewing, N.J. | 47,000 | 52,000 | -9.6 | 0.55 | -0.1 |
| 28 | Ocwen Financial Corp. (BC) West Palm Beach, Fla. | 46,385 | 37,873 | 22.5 | 0.54 | 0.1 |
| 29 | Litton Loan Servicing Inc. (BC) Houston | 46,069 | 30,321 | 51.9 | 0.54 | 0.2 |
| 30 | National City Home Loan (9) (BC) Pittsburgh | 44,201 | 28,700 | 54 | 0.51 | 0.2 |
| 31 | Wachovia (2) Charlotte | 43,818 | 26,402 | 66 | 0.51 | 0.2 |
| 32 | Homeq Servicing Corp. (BC) North Highlands, Calif. | 42,298 | 50,786 | -16.7 | 0.49 | -0.1 |
| 33 | Flagstar Bank FSB Troy, Mich. | 42,146 | 40,264 | 4.7 | 0.49 | 0 |
| 34 | New Century Financial Corp. (BC) Irvine, Calif. | 39,700 | 31,245 | 27.1 | 0.46 | 0.1 |
| 35 | American Home Mortgage Investment Melville, N.Y. | 39,148 | 24,674 | 58.7 | 0.45 | 0.1 |
| 36 | Fifth Third Mortgage Cincinnati | 35,784 | 32,209 | 11.1 | 0.42 | 0 |
| 37 | EverBank/EverHome Mortgage Jacksonville, Fla. | 33,526 | 34,728 | -3.5 | 0.39 | 0 |
| 38 | Charter One Bank Cleveland | 32,375 | 28,582 | 13.3 | 0.38 | 0 |
| 39 | Impac Funding Corp. (AA) Newport Beach, Calif. | 26,265 | 30,386 | -13.6 | 0.31 | -0.1 |
| 40 | Saxon Mortgage (10) (BC) Glen Allen, Va. | 25,931 | 24,731 | 4.9 | 0.3 | 0 |
| 41 | Fremont Investment and Loan (BC) Santa Monica, Calif. | 24,900 | 21,008 | 18.5 | 0.29 | 0 |
| 42 | Taylor, Bean, and Whitaker Ocala, Fla. | 24,733 | 14,740 | 67.8 | 0.29 | 0.1 |
| 43 | Select Portfolio Servicing (BC) Salt Lake City | 24,621 | 22,118 | 11.3 | 0.29 | 0 |
| 44 | Downey Savings and Loan Assn. Newport Beach, Calif. | 21,694 | 24,924 | -13 | 0.25 | -0.1 |
| 45 | B.F. Saul Mortgage/Chevy Chase Bank Bethesda, Md. | 21,192 | 20,884 | 1.5 | 0.25 | 0 |
| 46 | Navy FCU Merrifield, Va. | 19,313 | 16,417 | 17.6 | 0.22 | 0 |
| 47 | Irwin Mortgage Corp. (11) Fishers, Ind. | 19,200 | 25,538 | -24.8 | 0.22 | -0.1 |
| 48 | Central Mortgage Co. Little Rock | 18,517 | 12,701 | 45.8 | 0.22 | 0.1 |
| 49 | Sovereign Bank FSB Rosemont, Pa. | 18,516 | 13,631 | 35.8 | 0.22 | 0 |
| 50 | M&T Mortgage Buffalo | 18,455 | 16,276 | 13.4 | 0.21 | 0 |
| Top 50 total: | $7,537,424 | $6,462,305 | 16.60% | 87.58% | 6.50% | |
| Total outstanding receivables | $8,606,000 | $7,969,000 | 8.00% | |||
Notes: Results may be incomplete because some firms would not disclose the size of their servicing portfolio. Subservicing contracts are counted in these numbers. In some cases, estimates were made. National Mortgage News assumes it has captured more than 90% of the Market share based on estimated outstanding U.S. mortgage debt of $8.606 trillion at mid-year 2006. (1) These GMAC companies are affiliates. (2) Golden West is in the process of being bought by Wachovia. (3) ALS is owned by Lehman Bros. (4) Option One is owned by H&R Block. (5) These HSBC frims are affiliates. (6) This is the subprime arm of Citigroup which stopped disclosing its B&C numbers last year. (7) EMC is owned by Bear Stearns. (8) GreenPoint is owned by North Fork which is being sold to Capital One. (9) NCHL is owned by National City and is being sold to Merrill Lynch. (10) Saxon is being sold to Morgan Stanley. (11) Irwins servicing portfolio is in the (AA) Firm is an alt-A specialist. (BC) Firm is a subprime specialist. (E) Estimate. (SS) Firm is a subservicing specialist.
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© 2006 American Banker