As of December 31, 2007 (dollars in millions)
Servicing Volume ($MM) % %
Rank Organization Name 2007 2006 Change Market Share Mkt Shr% pt. +/-
1 Countrywide Financial Corp. (1) Calabasas, CA $1,476,203 $1,298,394 14% 16.04% 0.92%
2 Wells Fargo & Co. San Francisco, CA $1,473,178 $1,341,870 10% 16.00% 0.38%
3 CitiMortgage (2) O’Fallon, MO $799,753 $521,509 53% 8.69% 2.62%
4 Chase Home Finance Iselin, NJ $775,940 $674,057 15% 8.43% 0.58%
5 Washington Mutual Seattle, WA $623,365 $710,797 -12% 6.77% -1.50%
6 Bank of America (1) Charlotte, NC $516,937 $419,497 23% 5.62% 0.73%
7 Residential Capital (GMAC) Minneapolis, MN $453,300 $467,784 -3% 4.92% -0.52%
8 IndyMac Bancorp Pasadena, CA $198,170 $155,656 27% 2.15% 0.34%
9 Wachovia Mortgage, FSB Charlotte, NC $193,124 $175,244 10% 2.10% 0.06%
10 National City Mortgage (3) Miamisburg, OH $167,512 $171,006 -2% 1.82% -0.17%
11 PHH Mortgage Mt. Laurel, NJ $163,056 $160,298 2% 1.77% -0.09%
12 SunTrust Mortgage Richmond, VA $149,855 $129,974 15% 1.63% 0.11%
13 U.S. Bank Home Mortgage Bloomington, MN $117,505 $99,799 18% 1.28% 0.11%
14 Aurora Loan Services (4) (AA) Littleton, CO $114,045 $92,983 23% 1.24% 0.16%
15 First Horizon Home Loans Irving, TX $111,287 $101,755 9% 1.21% 0.02%
16 EMC Mortgage (5) Lewisville, TX $83,500 $67,002 25% 0.91% 0.13%
17 Dovenmuehle Mortgage (E) (SS) Lake Zurich, IL $70,500 $66,000 7% 0.77% 0.00%
18 HSBC Mortgage USA Depew, NY $66,288 $65,269 2% 0.72% -0.04%
19 Branch Banking & Trust Co. Wilson, NC $65,554 $59,456 10% 0.71% 0.02%
20 Morgan Stanley New York, NY $65,002 $45,657 42% 0.71% 0.17%
21 Taylor, Bean & Whitaker Ocala, FL $59,954 $34,681 73% 0.65% 0.25%
22 Option One Mortgage (6) (BC) Irvine, CA $55,098 $69,039 -20% 0.60% -0.21%
23 Cenlar FSB (SS) Ewing, NJ $54,000 $48,000 13% 0.59% 0.03%
24 Annaly Capital Investment New York, NY $52,880 $30,168 75% 0.57% 0.22%
25 Ocwen Loan Servicing (BC) West Palm Beach, FL $52,748 $52,160 1% 0.57% -0.03%
Top 25 Totals: $7,958,753 $7,058,055 13% 85.69% 4.30%
Total Outstanding Receivables: $9,206,093 $8,591,000 7%
Notes: Includes subservicing contracts. Results may be incomplete because some firms would not provide numbers. Market-share cut based on outstanding U.S. housing debt (first and second liens) of $9.206 trillion. (1) Bank of America is buying Countrywide. (2) Last fall CitiMortgage bought the servicing platform of Ameriquest, which increased its receivables by about $45 billion. (3) NCM is for sale. (4) ALS is owned by Lehman Brothers. (5) EMC is owned by Bear Stearns. (6) OOMC was recently bought by WL Ross & Co. (E) Estimate. (SS) Firm engaged mostly in subservicing. (BC) Firm engaged in mostly subprime servicing. (AA) Firm engaged mostly in alt-A servicing.
Source: NMN/Quarterly Data Report Email questions to Paul.Muolo
