| | | TOP RESIDENTIAL SERVICING - June 30, 2000 | | | (dollars in millions) | | | | | Servicing Volume | % Change | Market Share | Mkt Shr
% pt +/- | | Rank | Organization Name | Headquarters | 6/31/00 | 6/31/99 |  | | 1 | Bank of America Mortgage | Charlotte, NC | $330,489 | $273,789 | 21% | 6.69% | 0.67% | | | 2 | Chase Manhattan Mortgage | Edison, NJ | $329,900 | $243,080 | 36% | 6.68% | 1.34% | | | 3 | Wells Fargo Home Mortgage | Des Moines, IA | $301,436 | $268,367 | 12% | 6.10% | 0.21% | | | 4 | Countrywide Home Loans Inc. | Calabasas, CA | $265,437 | $236,299 | 12% | 5.37% | 0.18% | | | 5 | Washington Mutual | Seattle, WA | $170,223 | $111,727 | 52% | 3.45% | 0.99% | | | 6 | HomeSide Lending Inc. | Jacksonville, FL | $156,831 | $142,621 | 10% | 3.17% | 0.04% | | | 7 | GMAC Mortgage | Horsham, PA | $155,572 | $136,469 | 14% | 3.15% | 0.15% | | | 8 | Fleet Mortgage | Columbia, SC | $139,880 | $127,775 | 9% | 2.83% | 0.02% | | | 9 | First Nationwide Mortgage | Frederick, MD | $105,731 | $92,613 | 14% | 2.14% | 0.11% | | | 10 | ABN AMRO | Troy, MI | $99,880 | $66,070 | 51% | 2.02% | 0.57% | | | 11 | CitiMortgage Inc. | St. Louis, MO | $95,557 | $88,251 | 8% | 1.93% | 0.00% | | | 12 | PNC Mortgage | Vernon Hills, IL | $85,123 | $71,278 | 19% | 1.72% | 0.16% | | | 13 | GE Capital Mortgage Services (1) | Cherry Hill, NJ | $81,500 | $80,184 | 2% | 1.65% | -0.11% | | | 14 | Cendant Mortgage | Mt. Laurel, NJ | $72,181 | $44,287 | 63% | 1.46% | 0.49% | | | 15 | First Union Mortgage (2) | Charlotte, NC | $60,454 | $61,225 | -1% | 1.22% | -0.12% | | | 16 | National City Mortgage | Miamisburg, OH | $59,131 | $48,987 | 21% | 1.20% | 0.12% | | | 17 | First Horizon Home Loans | Irving, TX | $54,295 | $45,131 | 20% | 1.10% | 0.11% | | | 18 | Principal Residential Mortgage | Des Moines, IA | $51,381 | $50,156 | 2% | 1.04% | -0.06% | | | 19 | North American Mortgage/Dime | Tampa, FL | $50,799 | $47,845 | 6% | 1.03% | -0.02% | | | 20 | Homecomings Financial | Dallas, TX | $41,366 | $43,512 | -5% | 0.84% | -0.12% | | | 21 | Golden West Financial Corp./World | Oakland, CA | $41,042 | $30,843 | 33% | 0.83% | 0.15% | | | 22 | SunTrust/Crestar Mortgage Inc. | Richmond, VA | $39,797 | $40,056 | -1% | 0.81% | -0.07% | | | 23 | HSBC Mortgage | Depew, NY | $31,816 | $20,910 | 52% | 0.64% | 0.18% | | | 24 | Cenlar | Ewing, NJ | $31,800 | $23,400 | 36% | 0.64% | 0.13% | | | 25 | Bank United (E) | Houston, TX | $31,000 | $30,608 | 1% | 0.63% | -0.05% | | | 26 | Household Financial Services (BC) | Prospect Heights, IL | $30,000 | $22,654 | 32% | 0.61% | 0.11% | | | 27 | Associates Fin. Servs. (BC) | Irving, TX | $29,715 | $25,109 | 18% | 0.60% | 0.05% | | | 28 | Firstar Home Mortgage Corp. | Bloomington, MN | $26,743 | $19,673 | 36% | 0.54% | 0.11% | | | 29 | BankAmerica/CFG Real Est. (BC) | Jacksonville, FL | $24,566 | $19,346 | 27% | 0.50% | 0.07% | | | 30 | Regions Mortgage Co. | Montgomery, AL | $23,326 | $23,150 | 1% | 0.47% | -0.04% | | | 31 | Old Kent Mortgage Co. | Grand Rapids, MI | $22,789 | $18,543 | 23% | 0.46% | 0.05% | | | 32 | Advanta Mortgage USA (BC) | Springhouse, PA | $22,033 | $17,733 | 24% | 0.45% | 0.06% | | | 33 | Charter One Mortgage | Cleveland, OH | $21,674 | $17,951 | 21% | 0.44% | 0.04% | | | 34 | Temple-Inland Mortgage | Austin, TX | $20,864 | $22,266 | -6% | 0.42% | -0.07% | | | 35 | Branch Banking & Trust Co. | Wilson, NC | $20,310 | $16,617 | 22% | 0.41% | 0.05% | | | 36 | Union Planters Mortgage | Cordova, TN | $18,816 | $17,803 | 6% | 0.38% | -0.01% | | | 37 | GreenPoint Mortgage Funding | Larkspur, CA | $17,467 | $9,678 | 80% | 0.35% | 0.14% | | | 38 | Fifth Third Bank | Cincinnati, OH | $16,835 | $14,879 | 13% | 0.34% | 0.01% | | | 39 | CitiFinancial (BC) | Baltimore, MD | $16,724 | $9,108 | 84% | 0.34% | 0.14% | | | 40 | USAA Federal Savings Bank | San Antonio, TX | $15,618 | $12,602 | 24% | 0.32% | 0.04% | | | 41 | Midland Mortgage | Oklahoma City, OK | $15,370 | $16,394 | -6% | 0.31% | -0.05% | | | 42 | Fairbanks Capital Corp. (BC) | Salt Lake City, UT | $13,566 | $2,096 | 547% | 0.27% | 0.23% | | | 43 | Astoria FS & LA | Lake Success, NY | $13,465 | $13,075 | 3% | 0.27% | -0.01% | | | 44 | Option One Mortgage Corp. (BC) | Irvine, CA | $13,328 | $6,984 | 91% | 0.27% | 0.12% | | | 45 | Waterfield Mortgage | Fort Wayne, IN | $12,477 | $12,685 | -2% | 0.25% | -0.03% | | | 46 | Countrywide | Calabasas, CA | $12,206 | $3,320 | 268% | 0.25% | 0.17% | | | 47 | IndyMac Bank | Pasadena, CA | $11,800 | $10,300 | 15% | 0.24% | 0.01% | | | 48 | Aurora Loan Services Inc. (E) | Aurora, CO | $11,500 | $5,718 | 101% | 0.23% | 0.11% | | | 49 | Irwin Mortgage Corp. | Indianapolis, IN | $11,459 | $17,576 | -35% | 0.23% | -0.15% | | | 50 | Flagstar Bank | Bloomfield Hills, MI | $11,455 | $18,340 | -38% | 0.23% | -0.17% | | | | Total Top 50 | | $3,336,727 | $2,799,083 | 19% | 67.55% | 6.04% | | Notes: Market Share based on estimated $4.94 trillion in residential servicing
(1) GECMS is being sold to Wells Fargo.
(2) First Union is selling $35.7 billion in servicing to Wells Fargo.
(BC) Company is primarily engaged in subprime lending and servicing.
(E) Estimate
Source: National Mortgage News/Quarterly Data Report | | | |
