Ongoing Upheaval in Financial Markets Leads to Major Changes in Competitive Mortgage Landscape
October 2, 2008
Over $2.40 trillion in home mortgage servicing business – nearly 22 percent of the total amount outstanding – will have changed hands in the second half of 2008 in the biggest re-calibration of market share ever seen in the industry. With help from the government, huge financial institution acquisitions by Citigroup and JPMorgan Chase wiped out two top... [Includes one chart]