GMAC, Wachovia top servicers.


THE MORTGAGE BANKERS ASSOCIATION OF America (MBA) has released its annual ranking of multifamily and commercial loan servicers as of year-end 2002, showing GMAC Commercial Mortgage Corporation topping the list of 111 firms with $133.8 billion in master and primary servicing. GMAC is followed by Wachovia Securities with $83.6 billion, Midland Loan Services with $74.1 billion and CapMark Services with $66.1 billion.

The rankings are based on primary and master servicing, and are also broken out by investor type to show the top life company, commercial mortgage-backed securities (CMBS), Federal Housing Administration (FHA) and Fannie Mae/Freddie Mac servicers. GMAC, GEMSA, CapMark and Prudential are the largest servicers for life companies and other private investors; Berkshire, ARCS, GMAC and Prudential are the largest Fannie/Freddie servicers; and GMAC, Reilly Mortgage, Prudential, Midland and Greystone are the largest FHA servicers.


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