Leading Subprime Servicers by Number of Loans
Published May 18, 2007, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Leading Subprime Servicers by Number of Loans
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| Published May 18, 2007 | |||||
| Number of loans | Market share | ||||
| 2006 | 2005 | Change | |||
| 1 | CitiFinancial (E) Baltimore | 987,182 | 928,762 | 6.30% | 10.60% |
| 2 | Countrywide Financial Corp. Calabasas, Calif. | 735,776 | 767,345 | -4.1 | 7.9 |
| 3 | Wells Fargo Home Mortgage Des Moines | 536,752 | 483,630 | 11 | 5.7 |
| 4 | Chase Home Finance Woodcliff Lake, N.J. | 528,794 | 450,587 | 17.4 | 5.7 |
| 5 | HSBC Mortgage Services Charlotte | 471,062 | 423,965 | 11.1 | 5 |
| 6 | Ocwen Financial Corp. West Palm Beach, Fla. | 465,609 | 359,227 | 29.6 | 5 |
| 7 | Option One Mortgage Corp. Irvine, Calif. | 404,462 | 475,777 | -15 | 4.3 |
| 8 | Homecomings Financial Minneapolis | 378,575 | 417,982 | -9.4 | 4 |
| 9 | National City Home Loan Pittsburgh | 357,572 | 274,511 | 30.3 | 3.8 |
| 10 | Ameriquest Mortgage Corp. (E) Orange, Calif. | 327,982 | 410,100 | -20 | 3.5 |
| Top 10 Totals | 5,193,766 | 4,991,886 | 4.00% | 52.00% | |
| Submitted Totals | 7,796,433 | 7,583,101 | 2.80% | 72.70% | |
Notes: Results may vary because some firms would not disclose the number of loans they service. (E) Estimate.
Source: NMN/Annual Data Report.
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Paul.Muolo@SourceMedia.com
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