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Currently, there are 5 different peer groups with approximately 65 companies in total, including 18 in Subprime:
Peer Group M: Megalender/servicer group (typically top 30)
Peer Group A: Large lender/servicer group (typically ranked 31-60)
Peer Group S: Subprime lenders and servicers
Peer Group C: Small/medium sized lender/servicer groups
Peer Group E: Thrift Owned mortgage banking groups
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The MBA/STRATMOR Peer Group program is open to mortgage companies that originate and/or service residential loans. The cost of participation in the MBA/STRATMOR 2006 Peer Group Survey depends on a company's peer group category and nature of business (production only; production + servicing; or servicing only). The annual cost ranges from $6,000 to $12,000. Each cycle culminates with a final 60+ page report and roundtable meetings with peers. Additionally, in order to receive the data outputs and participate in the PGR meetings, each PGR participant must have an executed confidentiality agreement on file with the MBA.
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Peer Groups M, A and S meet semi-annually in both Spring and Fall, and Peer Groups C and E meet once a year in Spring. For the Spring 2006 roundtables, peer group meetings will begin in March in Old Town, Alexandria, VA (Group M); April in New York City, NY (Group A) and Chicago, IL (Group S); May in Chicago, IL (Group C) and Fort Worth, TX (Group E). The Fall Roundtables for 2006 will begin in September. |
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The on-line survey reduces the burden of data collection and entry for participants. When companies "sign up" to participate in the Peer Group Survey, we provide them with usernames and passwords that allow on-line access to the Peer Group Survey via the Web. The company can then complete data, submit data, refine data based on comments from the MBA and STRATMOR, and review final results on an ongoing basis.
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Companies usually receive one month to complete the data. The MBA and The STRATMOR Group try to be as accommodating as possible in accepting late data.
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The 2006 PGR participants include:
Group M: Megalender/servicer group
ABN Amro
Aurora Loan Services, Inc.
Bank of America
Branch Banking & Trust Company
Chase Home Mortgage
First Horizon Home Mortgage Corporation
National City Mortgage
PHH Mortgage
SunTrust Mortgage
Wachovia Mortgage Corporation
Washington Mutual
Group A: Large lender/servicer group
AmSouth Bank
E*Trade Financial Mortgage Services
EverBank Mortgage
Home 123
HomeBanc
Huntington Mortgage Company
ING Direct
LoanCity
Market Street Mortgage Corporation
Morgan Stanley Credit Corporation
NetBank, Inc.
Regions Mortgage
Taylor, Bean and Whitaker Mortgage
USAA
Group S: Subprime lenders and servicers
Chase Manhattan Funding
Decision One Mortgage
EquiFirst Corporation
Fieldstone Mortgage
First Franklin
First NLC Financial Services
Fremont Investment & Loan
HSBC Mortgage Services
Long Beach Mortgage
Meritage Mortgage Corporation
Mortgage Lenders Network USA, Inc.
New Century Financial Corporation
Novastar
Ocwen Financial Corporation
Option One Mortgage Corporation
ResMae Financial Corporation
WMC Mortgage Corp
Group C and E: Small/Medium sized lender/servicer group and Thrift Owned mortgage banking group
Access National
Action Mortgage
BNY Mortage
BSM Financial
Charter Mortgage Company
Cherry Creek Mortgage Company
CMG Mortgage
Colonial Savings
Fidelity & Trust Mortgage
First Merit Mortgage Corporation
Guild Mortgage
HomeStreet Bank
Nationwide Advantage
New South Federal Savings Bank
Plaza Home Mortgage
Residential Mortgage Capital
SBMC Mortgage
Shea Financial Services
Silver State Mortgage
Synovus Mortgage Corporation
Vitek Mortgage Group
WinStar Mortgage Partners
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Give us a call!
Jim Cameron, The STRATMOR Group, 770-632-4445
Marina Walsh, MBA, 202-557-2817
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