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Home » Store » News » Top Banks Earned Paltry Returns On Servicing in Third Quarter

Top Banks Earned Paltry Returns On Servicing in Third Quarter

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The top bank holding companies involved in the mortgage servicing business reported mostly disappointing net income figures from their operations at the end of the third quarter. The 30 largest banks in mortgage servicing handled a combined total of $1.89 trillion in securitized mortgages for other investors as of the end of September, a new Inside Mortgage Profitability analysis of call report data shows. Faced with severe runoff and in some cases huge impairment
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