The recent decline in large-lender share of the primary market is temporary, and principally a result of cyclical factors that caused larger lenders to pull back from the market, said Fannie Mae's Gerry Flood.
As an industry, banks assigned a fair-market value of $48.4 billion to their mortgage servicing rights, according to figures compiled by Inside Mortgage Trends.
A handful of firms say they are still aggressively recruiting residential loan officers who have a solid background in purchase-money lending that is, sales professionals with deep ties to Realtors and home builders.