DSNews The homepage of the servicing industry
""_Mortgage Daily_"":http://www.mortgagedaily.com released a list of the top servicers based on portfolio size as of September 30.
[IMAGE]However, _Mortgage Daily_ says spots 4-6 on the third quarter list could change due to recent acquisitions from Ocwen Financial Corporation, Nationstar Mortgage, and Walter Investment Management. Ocwen, which is not on the top 10 list, is expected to move into a top five position.
On October 3, 2012, Ocwen announced plans to ""purchase"":http://dsnews.comarticles/ocwen-enters-agreement-to-buy-homeward-for-750m-2012-10-03 Homeward Residential Holdings, Inc. In addition, Ocwen, along with Walter Investment Management Corp., ""won a bid to purchase"":http://dsnews.comarticles/ocwen-wins-bid-for-rescaps-mortgage-portfolio-2012-10-24 the mortgage servicing and origination platform assets of Residential Capital, LLC (ResCap) for $3 billion.
In July, Nationstar ""acquired"":http://dsnews.comarticles/nationstar-completes-acquistion-of-aurora-2012-07-02 $63.7 billion in residential mortgage servicing rights (MSRs) from Aurora Bank and its subsidiary, Aurora Loan Services LLC. In June, Nationstar announced it ""signed an agreement"":http://dsnews.comarticles/nationstar-mortgage-acquires-servicing-rights-from-bofa-2012-06-05 to acquire $10.4 billion in residential MSRs from Bank of America.
*Top 10 Servicers*
_(Based on portfolio size in billions for Q3)_
1. Wells Fargo $1,879.0
2. Bank of America $1,475.7
3. Chase $1,056.1
4. Citigroup $471.9
5. U.S. Bank $270.3
6. ResCap $200.0
7. Nationstar $197.8
8. PHH $185.1
9. PNC $170.3
10. SunTrust $149.7
