MBA releases midyear rankings of top CMBS servicers.THE MORTGAGE BANKERS ASSOCIATION (MBA MBA
Master of Business Administration
Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration ) has released its midyear rankings of the top commercial mortgage-backed securities (CMBS CMBS
See: Commercial Mortgage Backed Securities ) servicers of multifamily and commercial loans. GMAC GMAC General Motors Acceptance Corporation
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GMAC Give Me A Call
GMAC Genetic Manipulation Advisory Committee
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GMAC Give Me A Chance Commercial Mortgage, Wachovia Securities and Midland Loan Services were among the largest servicers in most major categories. The results reflect company data as of June 30, 2004, and any mergers or acquisitions that took effect after that date are not reflected in the results.
The rankings are presented in two ways: CMBS servicing only and total servicing (which takes other servicing categories such as pension and life insurance companies into account).
The ranking by CMBS primary servicing volume lists the following top 10 companies: GMAC Commercial Holding Corporation ($94.062 billion; 29,390 loans), Wachovia Securities ($81.062 billion; 8,892 loans), Midland Loan Services Inc. ($58.251 billion; 8,269 loans), Wells Fargo Commercial Mortgage Servicing Mortgage servicing
The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan. ($30.364 billion; 3,795 loans), Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ($20.793 billion; 3,087 loans), KeyBank Real Estate Capital ($19.805 billion; 3,065 loans), GEMSA GEMSA Gel Electrophoretic Mobility Shift Assays Loan Services LP ($18.866 billion; 3,088 loans), ORIX Capital Markets LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control ($14.853 billion; 2,986 loans), Prudential Asset Resources ($5.606 billion; 590 loans) and Principal Real Estate Investors Inc. ($5.283 billion; 883 loans).
The ranking by CMBS primary and master servicing volume lists the following top 10 companies: GMAC Commercial Holding Corporation ($108.396 billion; 31,798 loans), Wachovia Securities ($93.482 billion; 10,374 loans), Midland Loan Services Inc. ($65.987 billion; 9,441 loans), Wells Fargo Commercial Mortgage Servicing ($39.347 billion; 5,199 loans), ORIX Capital Markets LLC ($23.977 billion; 5,827 loans), Bank of America ($23.038 billion; 3,358 loans), GEMSA Loan Services LP ($21.445 billion; 3,399 loans), KeyBank Real Estate Capital ($21.289 billion; 3,270 loans), Prudential Asset Resources ($6.118 billion; 672 loans) and Principal Real Estate Investors Inc. ($5.283 billion; 883 loans).
MBA's CMBS servicer midyear rankings can be found at www.mortgage-bankers.org/news/2004/cmbs%20servicers%20mid-year%20rankings.pdf.