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Home » Store » Profitability » Despite Hefty Markup in MSR Values, Banks Continue to Dump Servicing

Despite Hefty Markup in MSR Values, Banks Continue to Dump Servicing

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Profitability

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The banking industry continued to backpedal away from the business of servicing home mortgages for other investors during 2016, according to an exclusive new Inside Mortgage Trends analysis of call-report data. Commercial banks and savings institutions serviced $3.808 trillion of home mortgages for other investors at the end of 2016, most of which are connected to loans in mortgage-backed securities trusts. That was down $71.6 billion from the end of the third quarter, or 1.8 percent. Over the past two years, banks reduced...[Includes one data table]
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