Subservicing Keeps Growing as Regulatory Headaches Force MSR Owners to Cut Costs and Outsource
June 23, 2016
Subservicing vendors continued to increase their contract totals in the first quarter as owners of mortgage servicing rights moved more of their business to these specialists to counter regulatory burdens that show few signs of abating. According to exclusive survey figures compiled by Inside Mortgage Finance, $1.625 trillion of home mortgages were being handled by subservicers at March 31, a 5.5 percent sequential increase and a 19.5 percent gain year-over-year. Subservicing firms – a business mostly dominated by nonbanks with one key exception – now process...[Includes one data table]
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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