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Home » Store » Taxable » Thrifts See Major Turnaround in Profitability Of Mortgage Servicing Operations in 2005

Thrifts See Major Turnaround in Profitability Of Mortgage Servicing Operations in 2005

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Taxable

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So far, 2005 has been a much more profitable year for thrift mortgage servicers than was the first half of 2004. Data from the Office of Thrift Supervision show that institutions regulated by the agency reported $629.2 million in net servicing income through the first six months of 2005. Almost half of that – $308.0 million – was piled up at the industry’s largest thrift, Washington Mutual. … [One data table included]
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