Servicing Market Skews Further Toward Nonbanks, Midsized Shops in 2Q16, MSR Sales Strengthened
August 4, 2016
Eight of the top 10 mortgage servicers reported declining portfolios during the second quarter of 2016, an unusual highlighting of long-term trends still underway in the market. The only top 10 lenders to actually increase their servicing portfolios during the second quarter were U.S. Bank Mortgage, fifth on the list of servicers, and Quicken Loans, number 10, according to a new ranking and analysis by Inside Mortgage Finance. It’s...[Includes one data table]
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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