Refinance Boom Yields Little Growth in Servicing For Many Top Lenders; Consolidation Rush Slows
May 7, 2009
The top tier of the mortgage servicing business saw a modest decline in the volume of loans in its aggregate portfolio during the first quarter of 2009 as slumping housing markets continued to shrink the supply of mortgage debt outstanding. The top five servicers in the industry, which together handle some $6.510 trillion in home loans , posted a modest 0.1 percent... [Includes one chart and one graph]
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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