How Has The Third-Party Mortgage Servicing Portfolio For The Largest U.S. Banks Changed Since 2011?

-3.55%
Downside
37.25
Market
35.93
Trefis
BAC: Bank of America logo
BAC
Bank of America

The total third-party mortgage servicing portfolio for the 5 largest U.S. banks has shrunk by nearly 9% annually over the last five years, as stricter capital requirements and poor quality of legacy mortgages forced the four largest banks to reduce their presence in the mortgage servicing industry. Notably, Bank of America slashed its mortgage servicing portfolio to just a quarter of its size at the end of 2011, while U.S. Bancorp stands out as the only bank in the top 5 to report steady growth in its portfolio.

CB_QA_MortgageServChange_15FY

See the links below for more information about the 5 largest U.S. commercial banks:

Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment/ ask questions on the comment section
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to the full Trefis analysis for U.S. Bancorp | Wells Fargo | JPMorganBank of America | Citigroup

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