Thrift Servicing Profits Skyrocketed in 2007; WaMu Still on Top But IndyMac Makes Inroads
April 11, 2008
As the credit crunch stalled mortgage originations in 2007, the profitability of the mortgage servicing business skyrocketed, providing some relief for lenders. Thrifts’ servicing income for the year was up 244.5 percent... [Includes one chart and one graph]