AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Servicing Consolidation Keeps Gathering Steam.
Washington -- Consolidation in the residential servicing sector picked up steam in the second quarter, according to exclusive survey figures compiled by Mortgage Servicing News.
The nation's top five servicers, as a group, serviced 44.65% of the nation's residential loans, a market share gain of almost five points compared to the same period a year ago.
Meanwhile, the nation's No. 1 ranked servicer, Countrywide Home Loans, Calabasas, Calif., is on pace to crack the $1 trillion mark in servicing some time in the third quarter.
At the end of June, Countrywide serviced $964.4 billion in home mortgages, a 33% gain from the same period last year.
Countrywide has a housing receivables (servicing) market share of 12.09%, according to MSN and its affiliate, the Quarterly Data Report.
The nation's top 10 servicers, as a group, had a combined market share of 58.69% compared to 52.62% a year ago - a gain of more than six points.
MSN and the QDR estimate that the nation's consumers have racked up nearly $8 trillion in mortgage ...
- Irwin Unloads $19B of MSRs.(Irwin Mortgage)(Mortgage Servicing...
- Magazine article from: Mortgage Servicing News Muolo, Paul November 1, 2006 700+ words
...portfolio, investment banking sources have told Mortgage Servicing News. The sale was made public in early October but...effectively within another organization." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved...
- Servicing Deals Are Heating Up.(Mortgage Servicing News )
- Magazine article from: Mortgage Servicing News February 1, 2005 700+ words
...bulk" market for residential servicing rights is finally showing some signs of life. But will it last? As Mortgage Servicing News went to press, General Electric had finally unloaded the last chunk of its residential servicing portfolio...
- The art of specialist mortgage servicing. (News).(mortgage processing services...
- Magazine article from: Australian Banking & Finance Tuttle, Patrick April 30, 2002 700+ words
...institutions. Driving the growing mortgage servicing sector are two major pillars which...operational abilities of servicers in the mortgage servicing industry. This evaluation process...whether in-house or outsourced mortgage servicing is more appropriate. Advocates of...
- Counseling and Mortgages 'Symbiotic'; Sign Up for Mortgage Servicing News...
- Magazine article from: Mortgage Servicing News June 1, 2009 700+ words
Byline: Amilda Dymi One of the most tangible lessons the industry and borrowers appear to have learned from the foreclosure crisis is that counseling is a symbiotic partner to mortgage finance. Demand is energizing the marketplace. Government programs and nonprofits no longer are the main customer
- MSP Processes39 Million Loans.(Mortgage Servicing Package )(Brief article)
- Magazine article from: Mortgage Servicing News April 1, 2008 700+ words
...loans serviced using its Mortgage Servicing Package on the first day...services division of the FIS mortgage servicing division, in a news release. (c) 2008 Mortgage Servicing News and SourceMedia, Inc. All...
- August's Casualty List - Ailing And Deceased Mortgage Servicing Firms ( In...
- Magazine article from: Mortgage Servicing News September 1, 2007 700+ words
...conforming production/servicing. Source: Mortgage Servicing News/Quarterly Data Report. Questions? Email...lt;at>SourceMedia.com (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved...
- $363B of MSRs May Change Hands.(Mortgage servicing rights)(ABN AMRO Mortgage...
- Magazine article from: Mortgage Servicing News Muolo, Paul December 1, 2006 700+ words
...to calculations made by Mortgage Servicing News, some $363 billion in...Quarterly Data Report, and Mortgage Servicing News. If H&RB cannot...pricing criteria. (c) 2006 Mortgage Servicing News and SourceMedia, Inc...
- Third-Quarter Prepays Reignite Impairment: It's not the accounting rules that...
- News wire article from: Mortgage Line Cornwell, Ted December 19, 2006 700+ words
...measures. As this edition of Mortgage Servicing News went to press, none of the...the "convexity" of the mortgage servicing asset itself. The borrower...those declines. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All...
Source: HighBeam Research, Servicing Consolidation Keeps Gathering Steam.