While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio.
Source: Inman News
Hints of more layoffs loom at Mr. Cooper as profits wane in Q3
Published in Chris Marshall, Community Loan Servicing, foreclosure, jay bray, layoffs, loan servicing, Mortgage, Mr. Cooper, recession, refinancing, reo, RightPath Servicing, Select, Two Harbors Investment Corp. and Xome
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