2008 Ends in Rush of Servicing Consolidation and More May Be in Store for Troubled Banking Industry
February 5, 2009
Many of the major consolidations of mortgage capacity over the years have resulted from lenders seeking to amass economies of scale in their home loan businesses, but the meltdown in the broader financial markets became the major force in the mortgage market last year. Thanks to a handful of huge banking consolidations, the top five servicers in the... [Includes one chart and one graph]