(dollars in millions)

Origination Volume

Rank Organization Name 2005 2004 % Change Market Share Mkt Shr% pt. +/-

1 Countrywide Financial Corp. Calabasas, CA $490,947 $363,009 35% 14.78% +1.76%

2 Wells Fargo Home Mortgage San Francisco, CA $392,329 $298,463 31% 11.81% +1.11%

3 Washington Mutual Seattle, WA $241,540 $255,354 -5% 7.27% -1.89%

4 Chase Home Finance Iselin, NJ $183,279 $197,530 -7% 5.52% -1.57%

5 Bank of America Charlotte, NC $158,884 $143,605 11% 4.78% -0.37%

6 CitiMortgage O'Fallon, MO $123,627 $102,454 21% 3.72% +0.05%

7 GMAC Residential Holdings (1) Horsham, PA $91,536 $87,447 5% 2.76% -0.38%

8 EMC Mortgage (2) Irving, TX $90,324 $41,118 120% 2.72% +1.24%

9 Ameriquest Mortgage Corp. (E) (BC) (3) Orange, CA $73,420 $77,500 -5% 2.21% -0.57%

10 GMAC-RFC (4) Minneapolis, MN $65,925 $44,651 48% 1.99% +0.38%

11 IndyMac Bancorp Pasadena, CA $60,776 $37,902 60% 1.83% +0.47%

12 National City Mortgage (5) Miamisburg, OH $59,032 $65,664 -10% 1.78% -0.58%

13 Wachovia Charlotte, NC $58,136 $52,827 10% 1.75% -0.14%

14 New Century Financial Corp.(BC) Irvine, CA $56,096 $42,192 33% 1.69% +0.18%

15 ABN Amro Mortgage Ann Arbor, MI $53,355 $56,557 -6% 1.61% -0.42%

16 Aurora Loan Services (AA) (6) Aurora, CO $51,933 $45,497 14% 1.56% -0.07%

17 Golden West Financial/World Savings Oakland, CA $50,486 $48,987 3% 1.52% -0.24%

18 PHH Mortgage Mt. Laurel, NJ $48,185 $52,552 -8% 1.45% -0.43%

19 SunTrust Mortgage Richmond, VA $47,655 $30,230 58% 1.43% +0.35%

20 American Home Mtg. Investment Melville, NY $45,298 $23,069 96% 1.36% +0.54%

21 First Horizon Home Loans Irving, TX $43,032 $36,228 19% 1.30% 0.00%

22 GreenPoint Mortgage Funding (7) Novato, CA $42,244 $39,809 6% 1.27% -0.16%

23 Option One Mortgage Corp. (BC) (8) Irvine, CA $39,093 $25,190 55% 1.18% +0.27%

24 Fremont Investment & Loan (E) (BC) Santa Monica, CA $36,016 $23,911 51% 1.08% +0.23%

25 WMC Mortgage Corp. (BC) (9) Woodland Hills, CA $31,795 $19,128 66% 0.96% +0.27%

26 First Franklin Financial (BC) (5) San Jose, CA $29,511 $28,951 2% 0.89% -0.15%

27 MortgageIT New York, NY $29,222 $9,964 193% 0.88% +0.52%

28 Flagstar Bank Troy, MI $27,519 $33,990 -19% 0.83% -0.39%

29 First Magnus Financial Corp. Tucson, AZ $27,080 $16,420 65% 0.82% +0.23%

30 HSBC Mortgage Services/Household (BC) (10) Charlotte, NC $25,169 $18,112 39% 0.76% +0.11%

31 U.S. Bank Home Mortgage Bloomington, MN $23,080 $17,392 33% 0.69% +0.07%

32 Impac Funding Corp. (AA) Newport Beach, CA $21,478 $21,529 0% 0.65% -0.13%

33 CitiFinancial (BC) (11) Baltimore, MD $20,509 $23,543 -13% 0.62% -0.23%

34 Branch Banking & Trust Co. Wilson, NC $18,065 $15,798 14% 0.54% -0.02%

35 Homecomings Financial (1) Minneapolis, MN $17,960 $14,671 22% 0.54% +0.01%

36 Credit Suisse First Boston New York, NY $17,076 $12,609 35% 0.51% +0.06%

37 Taylor, Bean & Whitaker Ocala, FL $17,030 $10,272 66% 0.51% +0.14%

38 Decision One Mortgage (BC) (10) Charlotte, NC $16,870 $12,404 36% 0.51% +0.06%

39 Accredited Home Lenders (BC) San Diego, CA $16,583 $12,420 34% 0.50% +0.05%

40 BNC Mortgage (BC) (6) Irvine, CA $16,088 $11,142 44% 0.48% +0.08%

41 Quicken Loans Livonia, MI $15,938 $10,826 47% 0.48% +0.09%

42 HSBC Mortgage Corp USA. (10) Depew, NY $15,345 $32,215 -52% 0.46% -0.69%

43 CTX Mortgage (HB) Dallas, TX $15,300 $12,965 18% 0.46% 0.00%

44 American Mortgage Network San Diego, CA $14,878 $9,002 65% 0.45% +0.13%

45 Downey Savings & Loan Assn. Newport Beach, CA $14,352 $14,426 -1% 0.43% -0.09%

46 Encore Credit Corp. (BC) Irvine, CA $14,015 $8,962 56% 0.42% +0.10%

47 Netbank Columbia, SC $13,268 $13,632 -3% 0.40% -0.09%

48 Merrill Lynch Credit Corp. (E) Jacksonville, FL $13,200 $14,572 -9% 0.40% -0.13%

49 Opteum Mortgage (E) Paramus, NJ $11,169 $5,608 99% 0.34% +0.14%

50 Provident Funding Associates (E) Burlingame, CA $11,100 $9,250 20% 0.33% 0.00%

Top 50 Totals: $3,096,746 $2,601,548 19% 87.03% -0.55%

Top 100 Totals: $3,321,139.16 $2,787,618.76

Note: Results may be incomplete because some firms would not disclose loan production. In the "percentage change" and "market share percentage increase" columns, figures between 0.5 percent and -0.5 percent were rounded off to 0.00 percent. Volumes were calculated by adding four quarters of production figures. Market share is based on estimated 2005 residential fundings of $3.32 trillion. Lenders in this table fund all residential loan types, including prime and non-prime. (1) These GMAC-owned firms are affiliates and report separately to us. (2) Owned by Bear Stearns, EMC is a correspondent buyer of loans. (3) The privately held Ameriquest does not disclose volumes. Its production includes that of its wholesale arm, Argent. (4) GMAC-RFC is the correspondent arm of GMAC. (5) First Franklin is the subprime arm of National City. (6) Owned by Lehman Bros. (7) GreenPoint Mortgage Funding is owned by North Fork Bancorp. (8) Option One Mortgage Corp. is owned by H&R Block. (9) WMC Mortgage Corp. is owned by GE. (10) HSBC Mortgage Services/Household and Decision One Mortgage are owned by HSBC. (11) CitiFinancial is the subprime arm of Citigroup. E: Estimate. BC: Firm is a subprime specialist. AA: Firm is an alt-A lender. HB: Firm is owned by a home builder. (c) 2006 U.S. Banker and SourceMedia, Inc. All Rights Reserved. http://www.us-banker.com http://www.sourcemedia.com

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