Goliath Servicers Maintain Their Hold on the Subprime Loan Market
June 14, 2006
When it comes to the business of servicing subprime mortgages, it’s apparently better to be bigger. That was evident in the early part of this year, when a handful of giant servicing shops held a large portion of the outstanding loans in their collective portfolio. Overall, Inside B&C Lending estimates that the subprime market grew by 3.3 percent, to $1.24 trillion in outstanding loans, between the end of December and the end of March. That… [One data table included]