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Home » Store » Profitability » Banks Continued to Shed Mortgage Servicing Rights During Second Quarter

Banks Continued to Shed Mortgage Servicing Rights During Second Quarter

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Profitability

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Commercial banks and thrifts continued to back away from the business of servicing home mortgages for other investors during the second quarter of 2015, according to a new Inside Mortgage Trends analysis of call reports. At the end of June, the industry owned the servicing rights on $4.187 trillion of home loans held by other investors, typically as a result of mortgage securitization. That was down $94.2 billion from the previous quarter, a 2.2 percent decline ... [Includes one data chart]
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