Top Residential Servicers
July 02, 2009, 10:08 a.m. EDT 1 Min Read
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Top Residential Servicers
Top Residential ServicersOn Dec. 31, 2008. Dollars in millions | ||||||
|---|---|---|---|---|---|---|
| Rank | Servicing volume | Change | Market share | Change | ||
| | | |||||
| 1 | Bank of America Corp. 1 Charlotte | $2,056,463 | $516,937 | 297.8% | 21.5% | 15.8% |
| 2 | Wells Fargo & Co. 2 San Francisco | 1,780,884 | 1,473,178 | 20.9 | 18.6 | 2.6 |
| 3 | JPMorgan Chase 3 Iselin, N.J. | 1,503,230 | 775,940 | 93.7 | 15.7 | 7.3 |
| 4 | CitiMortgage Inc. O'Fallon, Mo. | 809,633 | 799,753 | 1.2 | 8.4 | -0.2 |
| 5 | Residential Capital LLC (GMAC) Minneapolis | 365,033 | 454,518 | -19.7 | 3.8 | -1.1 |
| 6 | National City Mortgage 4 Miamisburg, Ohio | 187,110 | 187,512 | -0.2 | 2 | -0.1 |
| 7 | IndyMac Bancorp Inc. E 5 Pasadena, Calif. | 162,000 | 198,170 | -18.3 | 1.7 | -0.5 |
| 8 | SunTrust Mortgage Inc. Richmond | 159,663 | 149,857 | 6.5 | 1.7 | 0 |
| 9 | U.S. Bank Home Mortgage Bloomington, Minn. | 154,928 | 117,505 | 31.8 | 1.6 | 0.3 |
| 10 | PHH Mortgage Mount Laurel, N.J. | 149,756 | 159,183 | -5.9 | 1.6 | -0.2 |
| 11 | Aurora Loan Services Inc. 6 Colo. | 117,035 | 114,045 | 2.6 | 1.2 | 0 |
| 12 | MetLife Home Loans Memphis | 87,996 | NA | NA | 0.9 | NA |
| 13 | American Home Mortgage Servicing Inc. BC Irving, Texas | 84,375 | 100,925 | -16.4 | 0.9 | -0.2 |
| 14 | Taylor, Bean & Whitaker Ocala, Fla. | 76,354 | 59,954 | 27.4 | 0.8 | 0.1 |
| 15 | EMC Mortgage 7 Lewisville, Texas | 74,629 | 89,054 | -16.2 | 0.8 | -0.2 |
| 16 | Branch Banking and Trust Co. Wilson, N.C. | 74,102 | 65,554 | 13 | 0.8 | 0.1 |
| 17 | Dovenmuehle Mortgage E SS Lake Zurich, Ill. | 74,000 | 70,500 | 5 | 0.8 | 0 |
| 18 | HSBC Mortgage Corp. USA Depew, N.Y. | 68,231 | 66,288 | 2.9 | 0.7 | 0 |
| 19 | Flagstar Bank FSB Troy, Mich. | 63,459 | 42,289 | 50.1 | 0.7 | 0.2 |
| 20 | Annaly Capital Investment R New York | 55,047 | 52,880 | 4.1 | 0.6 | 0 |
| 21 | Fifth Third Mortgage Cincinnati | 50,649 | 45,095 | 12.3 | 0.5 | 0 |
| 22 | Litton Loan Servicing Inc. E BC Houston | 50,085 | 42,000 | 19.3 | 0.5 | 0.1 |
| 23 | Cenlar FSB SS Ewing, N.J. | 46,000 | 54,000 | -14.8 | 0.5 | -0.1 |
| 24 | Saxon Mortgage Services BC 8 Irving, Texas | 44,967 | 53,925 | -16.6 | 0.5 | -0.1 |
| 25 | EverBank Mortgage Jacksonville, Fla. | 41,271 | 33,697 | 22.5 | 0.4 | 0.1 |
| Top 25 Totals: | $8,336,902 | $5,722,758 | 45.7% | 83.5% | 23.9% | |
| Total outstanding receivables: | $9,585,533 | $9,206,093 | 4.1% | |||
Notes: Includes subservicing contracts. Results may be incomplete because some firms would not provide servicing figures. In some cases, estimates were made or GNMA numbers substituted. Market share based on estimated U.S. consumer housing debt of $9.585 trillion at year end 2008.
1
Bank of America's numbers include those of Countrywide, which it did not own a year ago.2
Wells' figures include Wachovia's mortgage operation.3
Numbers include servicing acquired when JPMorgan Chase bought Washington Mutual's banking operation.4
Nat City is now owned by PNC.5
IndyMac was bought from the FDIC by private investors this year.6
ALS is part of Lehman Brothers, which is operating under bankruptcy protection. ALS is not part of the bankruptcy.7
EMC is owned by JPMorgan Chase.8
Saxon is owned by Morgan Stanley.E
Estimate.BC
Subprime servicer.R
Company is a mortgage investing REIT.SS
Firm is known mostly as a subservicer.Source: NMN/Quarterly Data Report. Questions? E-mail:
Paul.Muolo@SourceMedia.com
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