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Home » Large Banks Still Backing Away From Mortgage Servicing, Valuations Steady
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Large Banks Still Backing Away From Mortgage Servicing, Valuations Steady

September 8, 2017
A handful of large banks continued to retreat from the business of servicing home loans for other investors during the second quarter of 2017, according to a new Inside Mortgage Trends analysis of call reports. Commercial banks and savings institutions reported that they serviced $3.627 trillion of residential mortgages for other investors, typically mortgage-backed securities trusts, as of the end of June. That was down just 0.4 percent from the previous period ... [Includes one data chart]
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