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GMAC Tops Commercial Servicer Ranking.(Brief Article)

Mortgage Servicing News

| October 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

GMAC Commercial Mortgage still holds sway as the number one servicer of commercial mortgages by volume for the second quarter with a $172.3 billion portfolio (including servicing of commercial mortgage-backed securities, life company loans and others), according to the Mortgage Bankers Association's CMBS servicing survey.

Wachovia Securities come in next at $96.1 billion, followed by Midland Loan Services (78.8 billion), CapMark Services ($75.6 billion) and GEMSA Loan Services ($57.0 billion). The MBA survey only includes firms with at least $1 billion of total named servicing - primary, master and special - ...

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