In the current period of near-record low interest rates on home loans, smaller mortgage servicers are better equipped to maintain growth than their larger counterparts.
Many financial institutions and non-bank companies alike previously reported that their mortgage servicing portfolios were smaller during the first quarter of this year.
The decline in servicing portfolios presages a tougher period ahead as residential loan borrowers are presented with more opportunities to refinance their mortgages.
…read more
From:: Financing