Volume 2014 - Number 18
May 8, 2014
Downloads Available: Top Mortgage Servicers - 1Q14 (30 servicers)
Downloads Available: Top Agency MBS Servicers - 1Q14
Trillion-Dollar Servicer Club Shrinks to One As Deconsolidation Continues in Early 2014
Although the pace of blockbuster servicing deals appears to have slowed, the giants of the mortgage-servicing business continued to leak market share in early 2014. Significantly, there is now just one lender with more than $1 trillion in mortgage servicing. Back in the third quarter of 2005, Countrywide Financial became the first company to amass over $1 trillion in mortgage servicing, and Wells Fargo joined the club by the end of that year. Chase Home Finance became a $1 trillion servicer in the fourth quarter of 2008, shortly after Bank of America took over Countrywide and became the first $2 trillion servicer. But BofA dumped...[Includes two data charts]
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