Top Residential Servicers
October 17, 2003, 10:08 a.m. EDT 1 Min Read
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Top Residential Servicers
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Published October 17, 2003 | ||||||
Rank | Portfolio | Year earlier | Change | Market share | Change | |
1 | Washington Mutual Seattle | $726,920 | $743,954 | -2% | 10.85% | -1.75% |
2 | Wells Fargo Home Mortgage San Francisco | 592,687 | 533,887 | 11 | 8.85 | -0.20 |
3 | Countrywide Financial Corp. Calabasas, Calif. | 559,124 | 374,832 | 49 | 8.35 | 2.00 |
4 | Chase Home Finance Edison, N.J. | 437,092 | 435,862 | 0 | 6.53 | -0.86 |
5 | Bank of America Charlotte | 249,550 | 290,704 | -14 | 3.73 | -1.20 |
6 | ABN Amro Mortgage Ann Arbor, Mich. | 201,325 | 173,110 | 16 | 3.01 | 0.07 |
7 | CitiMortgage Inc. St. Louis | 196,234 | 111,978 | 75 | 2.93 | 1.03 |
8 | GMAC Residential Holdings Horsham, Pa. | 192,632 | 207,819 | -7 | 2.88 | -0.65 |
9 | National City Mortgage Miamisburg, Ohio | 140,305 | 106,219 | 32 | 2.10 | 0.30 |
10 | Cendant Mortgage Mount Laurel, N.J. | 129,346 | 107,585 | 20 | 1.93 | 0.11 |
Top 50 | $4,618,782 | $4,109,293 | 12% | 68.97% | -0.67% | |
All respondents to survey | $6,697,000 | $5,901,000 | 13% |
Notes: Includes subservicing contracts. Market share based on estimated U.S. housing receivables of $6.697 trillion at midyear. Excludes subprime servicing specialists. Results incomplete because some firms did not respond.
Source: National Mortgage News. Questions? Email:
paul.muolo@sourcemedia.com
© 2003 American Banker