Wells Fargo/Wachovia Bank leads commercial and multifamily mortgage servicers in the first half of 2009. The servicer held $476.2bn of US master and primary servicing as of mid-year 2009, according to a survey of commercial and multifamily mortgage servicers by the Mortgage Bankers Association (MBA). Wells serviced 42,829 loans with an average loan size of $11.1m as of June 30. PNC Real Estate/Midland Loan Services followed Wells with $308.5bn of master and primary servicing on commercial and multifamily mortgages. PNC serviced 32,087 loans at an average size of $9.6m as of June 30. Capmark Finance took the No. 3 slot with $248.7bn in servicing volume, while KeyBank Real Estate Capital, Bank of America and GEMSA Loan Services rounded out the top six servicers with volumes of $133.1bn, $132.1bn and $104.8bn respectively. The MBA, which also surveyed servicers based on their status as ‘special servicing’; LNR Partners led the special servicers with $195.1bn while CWCapital and Centerline Servicing rounded out the top three with $170bn and $112.9bn respectively. Write to Diana Golobay.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
Test
The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
-
Freddie Mac’s Donna Spencer on their Servicing Excellence initiative
-
Lower mortgage rates attracting more homebuyers
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio