Top Residential Servicers

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Top Residential Servicers

Top Residential Servicers
December 31, 2006. Dollars in millions
Published May 18, 2007
    Servicing volume   Market
share
Mkt shr
%pt.+/-
    2006 2005 Change
1 Wells Fargo Home Mortgage San Francisco $1,341,870 $1,005,410 33% 15.62% 3.49%
2 Countrywide Financial Corp. Calabasas, Calif. 1,298,394 1,111,090 17 15.11 1.71
3 Washington Mutual Seattle 710,797 746,759 -5 8.27 -0.73
4 Chase Home Finance Iselin, N.J. 674,057 604,173 12 7.85 0.56
5 CitiMortgage Inc. (1) O’Fallon, Mo. 521,509 443,510 18 6.07 0.72
6 Bank of America Charlotte, N.C. 419,497 368,352 14 4.88 0.44
7 GMAC Residential Holdings (2) Horsham, Pa. 337,454 288,813 17 3.84 0.36
8 ABN Amro Mortgage (1) Ann Arbor, Mich. 229,889 205,953 12 2.68 0.19
9 Wachovia (3) Charlotte 175,244 38,745 352 2.04 1.57
10 National City Mortgage Miamisburg, Ohio 171,006 169,557 1 1.99 -0.05
11 PHH Mortgage Mt. Laurel, N.J. 160,298 157,302 2 1.87 -0.03
12 IndyMac Bancorp Inc. Pasadena, Calif. 147,994 90,721 63 1.72 0.63
13 SunTrust Mortgage Inc.Richmond, Va. 129,974 105,578 23 1.51 0.24
14 Homecomings Financial (2) Minneapolis 128,291 104,116 23 1.47 0.21
15 First Horizon Home Loans Irving, Tex. 101,755 95,284 7 1.18 0.04
16 U.S. Bank Home Mortgage Bloomington, Minn. 99,799 84,799 18 1.16 0.14
17 Aurora Loan Services Inc. (4) Aurora, Colo. 92,983 75,565 23 1.08 0.17
18 EMC Mortgage (5) Lewisville, Tex. 71,954 59,215 22 0.84 0.12
19 Dovenmuehle Mortgage (E) Lake Zurich, Ill. 66,000 60,000 10 0.77 0.04
20 Branch Banking and Trust Co. Wilson, N.C. 59,456 54,422 9 0.69 0.04
21 GreenPoint Mortgage Funding (6) Novato, Calif. 49,581 50,071 -1 0.58 -0.03
22 Cenlar FSB Ewing, N.J. 48,000 45,000 7 0.56 0.02
23 American Home Mtg. Investment Melville, N.Y. 46,269 30,663 51 0.54 0.17
24 Morgan Stanley/Saxon Mortgage Glen Allen, Va. 45,295 42,891 6 0.53 0.01
25 Regions Mortgage Inc. Montgomery, Ala. 43,096 37,157 16 0.5 0.05
  Top 25 Totals $7,170,462 $6,075,146 18% 83.46% 10.08%
  Total Outstanding Receivables $8,591,000 $8,291,000 4%    

Notes: Includes subservicing contracts. Market share based on total estimated U.S. housing receivables of $8.59 trillion at 12/31/06. This ranking excludes subprime servicing specialists but some of the firms listed here service subprime and other nonconforming loan types. Subservicing contracts are included in these numbers. Results may be incomplete because some firms would not respond. (1) CitiMortgage is in the process of buying ABN Amro Mortgage and has an option to buy the subprime servicing platform of Ameriquest. (2) These companies are affiliates. (3) Wachovia now owns Golden West/World. (4) ALS is owned by Lehman Bros. (5) EMC is owned by Bear Stearns. (6) GreenPoint is owned by Capital One. (E) Estimate.

Source: AB/Quarterly Data Report. MSN/Quarterly Data Report.
Questions? Email:

Paul.Muolo@SourceMedia.com

© 2007 American Banker