Read
- IRS official refuses to answer questions at scandal hearing
|
- Global stocks, oil fall after Bernanke; dollar gains
|
- Oklahoma tornado victims astounded at how they survived
|
- CORRECTED-White House threatens veto of bill to bypass Obama on Keystone
- Man linked to Boston bombing suspect killed by FBI in Florida
Sponsored Links
FACTBOX - Top U.S. mortgage servicers
Oct 7 (Reuters) - President Barack Obama killed proposed legislation on Thursday that could have made it more difficult for homeowners to challenge foreclosures.
The Interstate Recognition of Notarizations Act cruised through the Senate last week with no public debate and could have shielded bank and mortgage processors from liability for foreclosure documents that are prepared improperly.
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
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters