Volume 28 - Number 42
November 4, 2011
Downloads Available: Top Mortgage Servicers in 2011 - 3Q11 (25 servicers)
In a Declining Mortgage Market, Some Lenders Find Ways to Grow Servicing
With home sales slow, house prices still floundering and little lender appetite for cash-out refinancing, the mortgage servicing business may be another year or more away from reversing the historic contraction that’s been underway since early 2008. But a new servicing ranking by Inside Mortgage Finance reveals that some companies have managed to grow their business. Servicing remains a top-heavy industry dominated by three companies that collectively held 47.8 percent of the market as of the end of September. But only one of those firms – second-ranked Wells Fargo – has seen its servicing portfolio...(Includes one data chart)
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