Top Residential Second-Lien Servicers
Published July 02, 2009, 2:59 p.m. EDT
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Updated November 25, 2009, 2:02 p.m. EST
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Top Residential Second-Lien Servicers
Top Residential Second-Lien ServicersOn Dec. 31, 2008. Dollars in millions | ||||
|---|---|---|---|---|
| Rank | Servicing volume | Change | ||
| 2008 | 2007 | |||
| 1 | JPMorgan Chase 1 Iselin, N.J. | $154,274 | $94,707 | 62.9% |
| 2 | Bank of America Corp. E Charlotte | 141,000 | 117,905 | 19.6 |
| 3 | Wells Fargo & Co. 2 San Francisco | 110,164 | 75,565 | 45.8 |
| 4 | CitiMortgage Inc. O'Fallon, Mo. | 61,671 | 64,592 | -4.5 |
| 5 | Residential Capital LLC (GMAC) Minneapolis | 24,260 | 28,297 | -14.3 |
| 6 | Regions Mortgage Inc. Montgomery, Ala. | 16,130 | 14,962 | 7.8 |
| 7 | PNC Consumer Services Pittsburgh | 14,200 | 14,447 | -1.7 |
| 8 | E-Trade Arlington, Va. | 10,100 | 11,901 | -15.1 |
| 9 | EMC Mortgage Lewisville, Texas | 7,612 | 7,972 | -4.5 |
| 10 | Huntington Mortgage Columbus, Ohio | 7,500 | 7,300 | 2.7 |
| 11 | PHH Mortgage Corp. Mount Laurel, N.J. | 6,400 | 5,165 | 23.9 |
| 12 | Branch Banking and Trust Co. Wilson, N.C. | 6,194 | 5,796 | 6.9 |
| 13 | Navy Federal Credit Union Merrifield, Va. | 5,634 | 5,936 | -5.1 |
| 14 | M&I Mortgage Cedarburg, Wis. | 5,071 | 4,344 | 16.7 |
| 15 | TD Banknorth Mortgage Falmouth, Maine | 4,978 | NA | NA |
| 16 | Banco Popular/E-Loan Pleasanton, Calif. | 4,649 | 5,685 | -18.2 |
| 17 | Ocwen Loan Servicing LLC BC West Palm Beach, Fla. | 4,330 | 6,869 | -37 |
| 18 | SunTrust Mortgage Inc. Richmond | 4,324 | 4,591 | -5.8 |
| 19 | Associated Mortgage Co. Inc. Depere, Wis. | 2,883 | 2,269 | 27.1 |
| 20 | Third Federal Savings and Loan Cleveland | 2,748 | 1,970 | 39.5 |
| Top 20 Totals: | $594,123 | $480,273 | 23.7% | |
| Totals Submitted: | $630,754 | $518,578 | 21.6% | |
Notes: Results may be incomplete because several firms surveyed would not provide this data point.
1
JPMorgan Chase's figures include Washington Mutual, which it bought last fall.2
Wells Fargo's numbers include seconds serviced by Wachovia, which it now owns.E
Estimate. Company refused to disclose this number.BC
Subprime servicer. Source: HEW/Alternative Quarterly Data Report.
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Paul.Muolo@SourceMedia.com
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