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Article: Top 100 servicers: more independents, fewer S&Ls.(savings and loan associations; National Mortgage News rankings of top 100 mortgage servicing institutions for 1996)
- Article from:
- American Banker
- Article date:
- April 22, 1997
- Author:
CopyrightCOPYRIGHT 1997 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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More independent mortgage companies joined the ranks of the the top 100 servicers last year, and they did so at the expense of thrifts.
In 1995, 31 of the 100 largest servicers were thrifts. Last year, only 18 thrifts were among the top 100. There were 44 independent mortgage companies on the list, 20 more than the year before, according to figures compiled by National Mortgage News, an A merican Banker affiliate.
Mortgage companies not affiliated with banks or thrifts serviced $837 billion, a 20% increase. The thrifts serviced $269 billion, a 12% increase.
The 36 commercial banks on the list serviced nearly $1.2 trillion, 26% more than in 1995.
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