Servicing Picks Up the Slack in 2010 As Loan Production Earnings Wane
July 2, 2010
Mortgage servicing operations continued to account for the largest share of overall mortgage banking income for the industry heavyweights during the first quarter of 2010, according to a new Inside Mortgage Trends analysis of earnings reports. A group of nine major mortgage lenders reported a combined $3.375 billion in net servicing income... [Includes one chart and one graph]