Leading Residential Servicers

October 12, 2007, 10:08 a.m. EDT 1 Min Read

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Leading Residential ServicersOn June 30, 2007. Dollars in millions. Published October 12, 2007

		Production	Year earlier	Change	Market share
1	Countrywide Financial Corp. Calabasas, Calif.	$1,415,472	$1,196,720	18.3%	15.4%
2	Wells Fargo Home Mortgage San Francisco	1,410,647	1,116,561	26.3	15.3
3	CitiMortgage Inc. OFallon, Mo.	781,600	480,589	62.6	8.5
4	Chase Home Finance Iselin, N.J.	722,803	639,594	13.0	7.8
5	Washington Mutual Seattle	626,140	755,085	-17.1	6.8
6	Residential Capital (GMAC ResCap) Minneapolis	472,715	424,109	11.5	5.1
7	Bank of America Charlotte	454,683	391,251	16.2	4.9
8	IndyMac Bancorp Inc. Pasadena, Calif.	183,574	117,417	56.3	2.0
9	National City Mortgage Miamisburg, Ohio	178,917	169,588	5.5	1.9
10	Wachovia Charlotte	178,098	165,338	7.7	1.9
11	PHH Mortgage Mount Laurel, N.J.	164,582	159,275	3.3	1.8
12	SunTrust Mortgage Inc. Richmond	150,454	121,434	23.9	1.6
13	Aurora Loan Services Inc. (1) Aurora, Colo.	109,424	84,756	29.1	1.2
14	U.S. Bank Home Mortgage Bloomington, Minn.	108,796	93,457	16.4	1.2
15	First Horizon Home Loans Irving, Tex.	106,005	99,304	6.7	1.2
16	EMC Mortgage (2) Lewisville, Tex.	80,567	64,573	24.8	0.9
17	Dovenmuehle Mortgage (E) (SS) Lake Zurich, Ill.	69,000	63,250	9.1	0.7
18	HSBC Mortgage Corp. USA Depew, N.Y.	65,217	64,902	0.5	0.7
19	Branch Banking and Trust Co. Wilson, N.C.	61,419	56,771	8.2	0.7
20	Morgan Stanley/Saxon Mortgage Glen Allen, Va.	55,401	42,639	29.9	0.6
21	American Home Mtg. Investment (BK) Melville, N.Y.	54,093	39,148	38.2	0.6
22	Cenlar FSB Ewing, N.J.	54,000	47,000	14.9	0.6
23	Taylor, Bean and Whitaker Ocala, Fla.	47,680	24,733	92.8	0.5
24	GreenPoint Mortgage Funding (CL) Novato, Calif.	45,053	49,237	-8.5	0.5
25	Regions Mortgage Inc. Montgomery, Ala.	42,788	37,417	14.4	0.5
26	Fifth Third Mortgage Cincinnati	40,713	35,784	13.8	0.4
27	Annaly Capital Investment New York	38,603	23,474	64.4	0.4
28	EverBank/EverHome Mortgage (E) Jacksonville, Fla.	35,000	33,526	4.4	0.4
29	Provident Funding Associates Burlingame, Calif.	34,665	26,596	30.3	0.4
30	Flagstar Bank FSB Troy, Mich.	34,651	42,146	-17.8	0.4
31	Impac Funding Corp. Irvine, Calif.	24,938	26,265	-5.1	0.3
32	Central Mortgage Co. Little Rock	23,939	18,517	29.3	0.3
33	Amtrust Bank (E) Cleveland	22,849	16,000	42.8	0.2
34	Navy FCU Merrifield, Va.	21,605	19,313	11.9	0.2
35	B.F. Saul Mortgage/Chevy Chase Bank Bethesda, Md.	21,028	21,192	-0.8	0.2
36	Sovereign Bank FSB Rosemont, Pa.	20,429	18,516	10.3	0.2
37	Hudson City Savings Bank Paramus, N.J.	19,731	16,170	22.0	0.2
38	M and T Mortgage Buffalo	19,336	18,455	4.8	0.2
39	Downey Savings and Loan Assn. Newport Beach, Calif.	17,992	21,694	-17.1	0.2
40	Astoria FS and LA Lake Success, N.Y.	15,188	11,190	35.7	0.2
41	ING Bank FSB Wilmington, Del.	14,357	7,655	87.5	0.2
42	LoanCare Servicing Center Inc. Norfolk, Va.	14,147	12,625	12.1	0.2
43	Thornburg Mortgage Inc. Santa Fe, N.M.	13,912	10,626	30.9	0.2
44	Midland Mortgage Oklahoma City	13,398	14,500	-7.6	0.1
45	Huntington Mortgage Columbus, Ohio	13,364	12,612	6.0	0.1
46	E-Trade Arlington, Va.	13,027	11,716	11.2	0.1
47	Banco Popular/E-Loan Pleasanton, Calif.	11,300	12,200	-7.4	0.1
48	Doral Financial Corp. San Juan, Puerto Rico	10,700	11,900	-10.1	0.1
49	USAA Federal Savings Bank (E) San Antonio	10,125	9,850	NA	0.1
50	BankUnited Coral Gables, Fla.	9,811	8,188	19.8	0.1
	Top 50 totals:	$8,153,937	$6,964,857	17.1%	84.6%
	Total outstanding receivables:	$9,209,000	$8,604,097	7.0%

Notes: Includes subservicing contracts. Results may be incomplete because some servicers would not provide numbers. Subprime servicers excluded from this table but are listed separately in this report. Also, some firms listed here include subprime in with their total numbers. Market share cut based on outstanding U.S. housing debt of $9.209 trillion at June 30, 2007. QDR/NMN assumes it has captured 90% of the market. (1) Owned by Lehman. (2) Owned by Bear Stearns. (CL) Closed by parent in 3Q. (BK) Bankrupt. (SS) Firm is subservicing specialist.
Source: NMN/Quarterly Data Report.