Steady as She Goes in Subservicing Market but Sector Could be Poised for Growth as Firms Go ‘Capital Lite’
August 25, 2016
The nation’s subservicers increased their base of contracts to $1.615 trillion in the second quarter, a modest 1.6 percent gain from the prior period, but a handsome 17.0 percent improvement from the same period a year earlier, according to survey figures compiled by Inside Mortgage Finance. Overall, these third-party processing vendors – who split the monthly fee with the actual owner of the servicing strip – control 15.9 percent of all residential mortgage debt in the nation. A year ago the reading was 14.0 percent. And it’s...[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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