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February 24, 2014

10 Major Banks Earned a Combined $2.19 Billion in 4Q Off of Servicing

By John Bancroft

Overall, the group reported a 5.8 percent increase in total mortgage banking income – which for some firms includes activity not captured in either production or servicing – during the fourth quarter.

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Poll

With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results