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Home » Store » Profitability » Banks Still Backpedaling Away From MSR Business as Valuations Tumble

Banks Still Backpedaling Away From MSR Business as Valuations Tumble

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Profitability

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The banking industry still hasn’t touched bottom in its years-long retreat from the mortgage servicing rights business. Banks and thrifts reported a total of $4.001 trillion of single-family mortgage servicing for other investors, most commonly mortgage-backed securities trusts, as of the end of March. That was down some $52.9 billion from the previous quarter, a 1.3 percent decline, according to a new analysis of call-report data by Inside Mortgage Trends ... [Includes one data chart]
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