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Wachovia Exceeds $400 Billion Mark.

Mortgage Servicing News

| March 01, 2009 | COPYRIGHT 2009 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

Washington-Wachovia Securities, which services $413 billion of commercial mortgages as either a master or primary servicer, tops the commercial real estate servicing list just released by the Mortgage Bankers Association.

Following Wachovia is PNC RealEstate/Midland Loan Services, with $310 billion, Capmark Finance, with $261 billion, and Wells Fargo, with $183 billion. Rounding out the top 10 were Bank of America, KeyBank Real Estate Capital, GEMSA Loan Services, Prudential Asset Resources, Deutsche Bank, and JPMorgan Chase.

The MBA also collects data about "special servicers," ...

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