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MBA RELEASES MIDYEAR RANKING OF TOP CMBS LOAN SERVICERS

By Anonymous
Publication: Mortgage Banking
Date: Saturday, October 1 2005

THE MORTGAGE BANKERS ASSOCIATION (MBA) released its midyear rankings of the top commercial mortgage-backed securities servicers of multifamily and commercial loans.

Wachovia Securities LLC, Richmond, Virginia, topped the list of firms with $132.8 billion in CMBS primary and master servicing.

It was followed by GMAC Commercial Holding Corporation, Horsham, Pennsylvania, with $118.9 billion; Midland Loan Services Inc., Overland Park, Kansas, with $84.3 billion; and Wells Fargo Commercial Mortgage Servicing, San Francisco, with $52.5 billion. LNR Partners Inc., Miami, ranked as the No. 1 CMBS named special servicer, with $126 billion, according to the survey.

The results reflected company data as of June 30, 2005. Any mergers or acquisitions that took effect after that date were not reflected in the results, according to MBA. Only firms servicing at least $1 billion of total master, primary or special servicing for loans in CMBS issues were included in the special midyear survey. MBAs full listing of third-party commercial and multifamily loan servicers is released each February.

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