The exclusive $100 billion mortgage servicing club grew to seven members as of June 30, 1998, up by one since June 30, 1997. That's because two servicers-HomeSide Lending and Washington Mutual-joined during the year while GE Capital Mortgage Service dropped off the list.
But those rankings are already out of date. When pending mergers are completed, the list will again be down to six. No. 7 Washington Mutual is about to acquire No. 11 Home Savings of America. And when No. 4 NationsBanc and No. 8 BankAmerica complete their merger, that will probably put the combined company into the No. 1 spot, ahead of Norwest, Countrywide and Chase Manhattan.