“March 31 servicing marks were up significantly from where they were at Dec. 31,” said George Christo, executive vice president of The Prestwick Group.
This early tally — five of the seven typically rank among the top 20 lenders in the nation — suggests the mortgage originations train was holding steady on the tracks, though anecdotal evidence suggests the steam is dissipating.
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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