Leading Subprime Servicers

October 24, 2006, 10:08 a.m. EDT 1 Min Read

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Leading Subprime Servicers
On June 30, 2006. Dollars in millions Published October 24, 2006
		Production	Year earlier	Change	Market share
1	Countrywide Financial Corp. Calabasas, Calif.	$115,615	$108,812	6.30%	8.90%
2	Ameriquest Mortgage Corp. (E) Orange, Calif.	112,000	98,250	14	8.6
3	Chase Home Finance Woodcliff Lake, N.J.	78,406	53,019	47.9	6
4	Option One Mortgage Corp. (1) Irvine, Calif.	74,060	69,860	6	5.7
5	CitiFinancial (E) (2) Baltimore	62,000	55,149	12.4	4.7
6	Homecomings Financial (3) Minneapolis	54,032	49,043	10.2	4.1
7	HSBC Mortgage Services Charlotte	50,522	36,873	37.00	3.90
8	Wells Fargo Home Mortgage San Francisco	47,202	39,076	20.8	3.6
9	Ocwen Financial Corp. West Palm Beach, Fla.	46,385	37,873	22.5	3.6
10	Litton Loan Servicing Inc. Houston	46,069	30,321	51.9	3.5
	Top 10 total:	$686,291	$578,276	18.70%	47.80%
	Submitted total:	$1,070,253	$917,335	16.70%	75.80%

Notes: Includes subservicing contracts. Results may vary because some firms would not disclose subprime receivables. Market share is based on estimated subprime receivables of $1.306 trillion at 6/30/06. (1) Option One is owned by H&R Block. (2) Citi stopped disclosing its subprime servicing figures earlier this year. (3) Homecomings is owned by GMAC.
Source:

National Mortgage News

/Quarterly Data Report
Questions? E-mail:

Paul Muolo