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Top 5 Servicers Near 50%.(Countrywide Home Loans)(Wells Fargo Home Mortgage)(Chase Home Finance)(Brief article)
WASHINGTON -- The grinding wheel of servicing consolidation continued unabated in the second quarter with nation's top five residential firms increasing their market share to 48.7%. According to exclusive survey figures compiled by Mortgage Servicing News and the Quarterly Data Report, the top five have a combined servicing portfolio of $4.19 trillion, compared to a home receivables market of $8.604 trillion.
The nation's two top-ranked servicers - Countrywide Home Loans, Calabasas, Calif., and Wells Fargo Home Mortgage, San Francisco - together control almost 27% of the market.
A year ago the top five had a combined servicing market share of 44.67%. All of the top five are depositories and only one, Washington Mutual of Seattle, is a thrift.
At the end of June, Countrywide serviced $1.196 trillion in loans with WFHM close behind at $1.116 trillion. (The figures include subservicing contracts.)
WaMu ranked third with $756.6 ...
- As Goes California, So Goes Wells Fargo.
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- Magazine article from: Mortgage Servicing News November 1, 2005 700+ words
...first half of 2005, Wells Fargo Home Mortgage turned...San Francisco-based Wells Fargo Home Mortgage turned...Calif., was hot on Wells Fargo's lead in terms of...c) 2005 Mortgage Servicing News and SourceMedia, Inc...
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- Magazine article from: Mortgage Servicing News October 1, 2006 700+ words
CALABASAS, CA -- Wells Fargo leapfrogged to the top...earlier. By contrast, Wells Fargo said that upon close...trillion. Countrywide and Wells Fargo have been running just...c) 2006 Mortgage Servicing News and SourceMedia, Inc...
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- News wire article from: Mortgage Line March 3, 2006 700+ words
San Francisco -- Wells Fargo sold $24 billion of its lowest...During the last six quarters, Wells Fargo has sold $60 billion of its lowest...company said. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights...
- A Pretty Quiet Quarter, by Some Standards.(Wells Fargo, Countrywide Financial...
- Magazine article from: Mortgage Servicing News Cornwell, Ted March 1, 2007 700+ words
...securities drove up interest expense. Wells Fargo, the nation's largest servicer with...Industry's Largest MSR Portfolios Wells Fargo $1.31 trillion Countrywide $1...Sept. 30, 2006. (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved...
Source: HighBeam Research, Top 5 Servicers Near 50%.(Countrywide Home Loans)(Wells Fargo Home...