Servicing Outperformed Production In Topsy-Turvy Fourth Quarter of 2015
April 1, 2016
Mortgage servicing activities generated stronger profits during the fourth quarter, helping to offset a drop in production-related income, according to a new Inside Mortgage Trends analysis of corporate earnings releases from a group of 13 major lenders. As a group, the 13 lenders reported $612.9 million in mortgage servicing income for the fourth quarter, up 94.5 percent from the previous three-month period. However, three shops reported losses during ... [Includes one data chart]