Top Subprime Servicers

October 26, 2004, 10:08 a.m. EDT 1 Min Read

View Table

Printer Friendly Version

Top Subprime Servicers
On June 30 2003. Dollars in millions
			June 30, 2003	Year earlier	Change	Market share
1	Household Financial Services* ¹	Prospect Heights, Ill.	$49,800	$48,888	2%	+12.95%
2	CitiFinancial	Baltimore	48,587	44,788	8	+12.63
3	Fairbanks Capital Corp. ²	Salt Lake City	38,691	33,552	15	+10.06
4	Homecomings/GMAC-RFC	Bloomington, Minn.	33,617	21,327	58	+8.74
5	Ocwen Financial Corp.	West Palm Beach, Fla.	33,507	25,648	31	+8.71
6	Option One Mortgage Corp.	Irvine, Calif.	33,042	25,712	29	+8.59
7	Countrywide Financial Corp.	Calabasas, Calif.	28,420	23,079	23	+7.39
8	Chase Home Finance	Woodcliff Lake, N.J.	20,168	15,757	28	+5.24
9	Ameriquest Mortgage Corp.*	Orange, Calif.	17,500	13,001	35	+4.55
10	Washington Mutual	Seattle	17,226	14,119	22	+4.48
	Top 10 Totals:		$320,558	$265,870	21	78.78
	Submitted Totals:		$437,112	$343,838	27
			$384,669	$319,044

Notes: Includes subservicing contracts. Results incomplete because some firms would not disclose subprime receivables. Market share is based on estimated subprime receivables of $524.53 billion.

* Estimate.
(1) Household was sold to HSBC in late March.
(2) Fairbanks is owned by PMI.

Source: National Mortgage News. Questions? Email:

paul.muolo@sourcemedia.com