Top Subprime Servicers

Published October 21, 2005, 10:08 a.m. EDT

Updated January 02, 1970, 9:08 a.m. EST

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Top Subprime Servicers

Top Subprime Servicers
On June 30, 2004. Dollars in millions Published October 26, 2004
		Portfolio	Year earlier	Change	Market Share
1	Countrywide Financial Corp. Calabasas, Calif.	$58,076	$28,420	104%	7.70%
2	Household Financial Services (1) Prospect Heights, Ill.	56,033	49,800	13	7.43
3	CitiFinancial Baltimore, Md.	54,031	48,587	11	7.16
4	Option One Mortgage Corp. Irvine, Calif.	48,385	33,042	46	6.41
5	Homecomings Minneapolis	48,206	33,617	43	6.39
6	Chase Home Finance Woodcliff Lake, N.J.	36,423	20,168	81	4.83
7	Ameriquest Mortgage Corp. (E) Orange, Calif.	35,000	17,500	100	4.64
8	Ocwen Financial Corp. West Palm Beach, Fla.	34,768	33,507	4	4.61
9	Select Portfolio Servicing/Fairbanks (2) Salt Lake City	26,649	51,506	-48	3.53
10	Wells Fargo Home Mortgage San Francisco	26,064	8,511	206	3.45
11	Homeq Servicing Corp. North Highlands, Calif.	26,057	11,053	136	3.45
12	National City Home Loan Pittsburgh	22,252	14,259	56	2.95
13	New Century Financial Corp. Irvine, Calif.	20,900	5,600	273	2.77
14	Washington Mutual (E) Seattle	17,338	17,226	1	2.3
15	Key Consumer Real Estate Parsippany, N.J.	14,631	13,072	12	1.94
16	Saxon Mortgage Glen Allen, Va.	11,364	8,318	37	1.51
17	EMC Mortgage (E) Irving, Tex.	11,000	NA	NA	1.46
18	PCFS Financial Services Cincinnati	10,738	7,951	35	1.42
19	NovaStar Mortgage Inc. Kansas City, Mo.	9,601	5,146	87	1.27
20	Centex Home Equity Co. Dallas	8,002	5,927	35	1.06
	Top 20 totals:	$575,518	$413,210	39%	70.22%
	Submitted totals:	$651,776	$428,770	52%	76.67%

Notes: Includes sub-servicing contracts. Results may vary because some firms would not disclose subprime receivables. Market share is based on estimated subprime receivables of $770.25 billion.
(E) Estimate.
(1) Household is owned by HSBC.
(2) Fairbanks is owned, in part, by PMI.
Source: American Banker/National Mortgage News. Questions? Email:

paul.muolo@sourcemedia.com