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Subprime Delinquency Rates at 9/30/02.

Mortgage Servicing News

| February 01, 2003 | COPYRIGHT 2003 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

(based on the number of loans serviced)

(part 1 of 2)

 
                                                           Total 
    Rank  Organization Name                             Past Due 
    1     Washington Mutual                               24.28% 
    2     Homecomings/GMAC-RFC                            22.86% 
    3     Fairbanks Capital Corp.                         21.00% 
    4     Saxon Mortgage                                  19.48% 
    5     Wilshire Credit Corp.                           19.00% 
    6     Sterling National Mortgage Co.                  19.00% 
    7     Aurora Loan Services, Inc                       18.91% 
    8     PCFS Financial Services                         14.95% 
    9     WMC Mortgage Corp.                              14.30% 
    10    Altegra/Nat'l City Home Loan                    10.63% 
 
                                           Servicing       Total 
    Rank  Organization Name                 of Loans    Past Due 
    11    Chase Home Finance                 189,177       9.40% 
    12    Homeq Servicing Corp.              323,527       9.37% 
    13    Ocwen Financial Corp.              333,616       8.27% 
    14    Aames Financial Corporaton          29,125       8.20% 
    15    Option One Mortgage Corp.          216,033       7.47% 
    16    Equity One, Inc.                    54,576       7.43% 
    17    Centex Home Equity Company          68,056       7.02% 
    18    Ameriquest Mortgage Corp.          132,074       6.52% 
    19    Cimarron Mortgage                      210       6.32% 
    20    New South Federal Savings           12,166       5.46% 
    21    NovaStar Mortgage, Inc.             23,735       5.40% 
    22    Mortgage Lenders Network, USA       44,340       5.11% 
    23    Accredited Home Lenders             14,863       4.46% 
    24    Wendover Financial Services Corp    80,702       2.98% 
    25    Encore Credit Corp.                  1,318       0.70% 
    26    Household Financial Services       680,000         na 
    27    CitiFinancial                      990,954         na 
 
    Totals:                                ...
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Source: HighBeam Research, Subprime Delinquency Rates at 9/30/02.

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