Magazine article Mortgage Banking

Midland Top CMBS Servicer. (Commercial)

Magazine article Mortgage Banking

Midland Top CMBS Servicer. (Commercial)

Article excerpt

KANSAS CITY, MISSOURI--BASED MIDLAND Loan Services topped the Mortgage Bankers Association of America's (MBA's) third-quarter 2001 survey of commercial mortgage-backed securities (CMBS) servicers with a CMBS servicing portfolio of $49.7 billion as of Sept. 30, 2001. Wachovia Securities (formerly First Union Securities) was second, with a CMBS servicing portfolio of $41.0 billion; followed by ORIX Real Estate Capital Markets, with a $30.9 billion CMBS servicing portfolio. Midland also had the largest total master and primary servicing portfolio among the eight firms participating in the survey, servicing $66.3 billion of commercial loans for institutional investors such as life insurance companies, commercial banks and credit companies, along with Fannie Mae, Freddie Mac, FHA and CMBS. GEMSA Loan Services (created by the recent merger of GE Capital Loan Services and L.J. Melody & Co.'s servicing operations) was the runner-up, with a $54.2 billion servicing portfolio. Six of the eight survey participants are special servicers, meaning they provide asset-management and loan workout expertise for nonperforming loans. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.