Top Subservicers
Published October 20, 2008, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Top Subservicers
Top SubservicersIn the first half of 2008. Dollars in millions. | |||||
|---|---|---|---|---|---|
| Rank | Volume | Year earlier | Change | Market Share | |
| 1 | Dovenmuehle Mortgage (E), Lake Zurich, Ill. | $67,470 | $64,170 | 5.1% | 19.6% |
| 2 | Cenlar FSB, Ewing, N.J. | 53,465 | 54,000 | -1.0% | 15.5% |
| 3 | Residential Capital, LLC (GMAC), Minneapolis | 36,400 | 62,340 | -41.6% | 10.6% |
| 4 | Countrywide Financial Corp. (1), Calabasas, Calif. | 23,024 | 16,263 | 41.6% | 6.7% |
| 5 | First Horizon Home Loans, Irving, Tex. | 16,917 | NA | NA | 4.9% |
| 6 | Wells Fargo & Company, San Francisco | 15,561 | 19,527 | -20.3% | 4.5% |
| 7 | PHH Mortgage, Mt. Laurel, N.J. | 12,755 | 9,239 | 38.1% | 3.7% |
| 8 | LoanCare Servicing Center Inc., Norfolk, Va. | 12,671 | 12,622 | 0.4% | 3.7% |
| 9 | Downey Savings & Loan Assn., Newport Beach, Calif. | 5,436 | 6,003 | -9.5% | 1.6% |
| 10 | Midwest Loan Services, Houghton, Mich. | 5,183 | 3,787 | 36.9% | 1.5% |
| Top 10 totals: | $248,882 | $247,951 | 72.3% | ||
| Submitted totals: | $264,852 | $269,808 | 76.9% | ||
Notes: Subservicers are outsources that perform the servicing function for a fee but do not own the servicing "strip." (1) Countrywide was bought by BoA on July 1. (E) Estimate.
Source: NMN/Mid-Year Data Report (MDR).
Questions? Email:Paul.Muolo@SourceMedia.com
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