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Midland Is Biggest CMBS Servicer.(Midland Loan Services)(Brief Article)

Mortgage Servicing News

| October 01, 2001 | COPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Midland Loan Services has emerged the leading servicer of commercial mortgage-backed securities, with a CMBS servicing portfolio of $45.1 billion as of June 2001, based on a survey of nine firms by the Mortgage Bankers Association.

The trade association reports that First Union Securities was the runnerup, with a CMBS servicing portfolio of $38.6 billion, followed by ORIX Real Estate Capital Markets, with a $29.6 billion CMBS servicing portfolio. GMAC Commercial Mortgage Corp., currently the leading servicer in the commercial mortgage- servicing niche (with a total servicing portfolio of $107.7 billion), declined to participate in the survey, the MBA reports.

Among the firms that did participate, Midland also had the largest total master and primary ...

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Source: HighBeam Research, Midland Is Biggest CMBS Servicer.(Midland Loan Services)(Brief...

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