Top Residential Servicers
October 26, 2004, 10:08 a.m. EDT 1 Min Read
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Top Residential Servicers
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Published October 26, 2004 | ||||||
Portfolio | Year earlier | Change | Market share | Change | ||
1 | Wells Fargo Home Mortgage San Francisco | $740,220 | $592,687 | 25% | 10.05% | 1.20% |
2 | Countrywide Financial Corp. Calabasas, Calif. | 726,227 | 559,124 | 30 | 9.86 | 1.51 |
3 | Washington Mutual Seattle | 717,995 | 726,920 | -1 | 9.75 | -1.11 |
4 | Chase Home Finance Edison, N.J. | 492,548 | 437,092 | 13 | 6.69 | 0.16 |
5 | Bank of America Charlotte | 253,300 | 249,550 | 2 | 3.44 | -0.29 |
6 | CitiMortgage Inc. O'Fallon, Mo. | 232,339 | 196,234 | 18 | 3.15 | 0.22 |
7 | GMAC Residential Holdings Horsham, Pa. | 211,283 | 192,632 | 10 | 2.87 | -0.01 |
8 | ABN Amro Mortgage Ann Arbor, Mich. | 205,002 | 201,325 | 2 | 2.78 | -0.22 |
9 | National City Mortgage Miamisburg, Ohio | 158,344 | 140,305 | 13 | 2.15 | 0.05 |
10 | Cendant Mortgage Mount Laurel, N.J. (1) | 144,370 | 129,346 | 12 | 1.96 | 0.03 |
Top 50: | $5,190,219 | $4,582,713 | 13% | 70.45% | 2.02% | |
All respondents to survey: | $7,367,000 | $6,697,000 | 10% |
Notes: Includes subservicing contracts. Market share based on total estimated U.S. housing receivables of$7.367 trillion at 6/30/04. This ranking excludes subprime servicing specialists. Results may be incomplete because some firms would not respond.
(1) Cendant Mortgage is expected to sell some of its servicing in the next quarter or two.
Source: National Mortgage News. Questions? Email:
paul.muolo@sourcemedia.com
© 2004 American Banker