In January, the origination forecast for 2019 looked bleak but that was before rates began their relentless descent. Today? Optimism abounds with several shops reporting strong lending results for 3Q19.

Banks began reporting third quarter results this week and, as might be expected, negative servicing marks were quite noticeable.

Most of the industry's declining balance of servicing for others was attributable to Wells Fargo, JPMorgan Chase and Bank of America.