Thursday, October 07, 2010

Top Mortgage Servicers

Expanding the Wells Fargo Moat:

Oct 7 (Reuters)
 Below are the largest U.S. mortgage servicers, which
collect mortgage payments and foreclose on delinquent loans, as
of June 30, 2010.
 Bank                           Total Loans         Market
                                Servicing now       Share
                                in $billions
1) Bank of America (
BAC.N) $2,135.30 19.9%
2) Wells Fargo (
WFC.N) $1,811.97 16.9%
3) JPMorgan Chase & Co (
JPM.N) $1,353.60 12.6%
4) Citigroup Inc (
C.N) $677.81 6.3%
5) GMAC/Ally Financial $349.08 3.2%
6) US Bancorp (
USB.N) $189.85 1.8%
7) SunTrust Banks Inc (
STI.N) $175.93 1.6%
8) PHH Mortgage (
PHH.N) $155.97 1.4%
9) OneWest Bank, CA (IndyMac) $155.00 1.4%
10)PNC Financial Services (
PNC.N) $149.94 1.4%
Total residential mortgages outstanding $10,640
 ($ billions, for 1-4 family homes)
 Source: Inside Mortgage Finance

No comments: