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Home » Top Banks Continue Backpedaling From Mortgage Servicing in 2Q15, Nonbanks Mostly Fill the Void
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Top Banks Continue Backpedaling From Mortgage Servicing in 2Q15, Nonbanks Mostly Fill the Void

July 30, 2015
There are plenty of mortgage servicers that are building their portfolios in a market that is merely treading water, but many of the biggest players in the business continued to ease back from the business during the second quarter of 2015. As a group, the top five servicers still accounted for an impressive 40.1 percent of the mortgage servicing market, but their combined portfolio – $3.943 trillion at the end of June – shrank by 3.3 percent during the second quarter. In March, the top five accounted for 41.4 percent of the market, and at the midway point in 2014 they held a combined 44.1 percent share. Four of the top five contracted...[Includes two data tables]
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