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GMACCM Still on Top.(GMAC Commercial Mortgage )(Brief Article)
The latest ranking of commercial mortgage servicers by the Mortgage Bankers Association shows little change at the top.
GMAC Commercial Mortgage was the top commercial mortgage servicer at the end of 2003, with a total servicing portfolio of $213.7 billion (based on total master and primary servicing volume), the Mortgage Bankers Association reported at its commercial real estate finance/multifamily convention here.
One notable development since the last MBA ranking is that GMAC bought up Atlanta-based CapMark Services last summer, swelling its commercial servicing portfolio by more than $60 billion and eliminating CapMark from the list.
Wachovia Securities ($120 billion), Midland Loan Services ($83.3 billion) and GEMSA Loan Services ($61 billion) were the other top ranked servicers for the period, the mortgage bankers' trade association said.
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Source: HighBeam Research, GMACCM Still on Top.(GMAC Commercial Mortgage )(Brief Article)