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March 13, 2014

Total Mortgage Servicing Shrank in 4Q; What Next?

By John Bancroft

It may be temporary, but residential mortgage debt outstanding fell in the fourth quarter. For buyers of servicers that means less product is available (in theory).

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Poll

How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

vote to see results