While combined GSE servicing still accounted for a hefty 44.9 percent of single-family mortgages, it has continued to drift lower over the course of 2017…
But the gain was largely attributable to one bank – Wells Fargo – which acquired an agency servicing portfolio of about $51.0 billion from Seneca Mortgage…
Servicing income rose 1.5 percent during the third quarter, although five of the 12 companies reported declines and one of them – PHH Mortgage – posted a loss.