How Has The Third-Party Mortgage Servicing Portfolio For The Largest U.S. Banks Changed Since 2011?
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.
See the links below for more information about the 5 largest U.S. commercial banks:
- How Much Of Total U.S. Loans Are Handed Out By The 5 Largest U.S. Banks?
- How Much Of The Total U.S. Deposit Base Is Held By The 5 Largest U.S. Banks?
- What Is The Current Loan-to-Deposit Ratio For The Largest U.S. Banks?
- How Does The Loan Book Of The 5 Largest U.S. Banks Differ In Terms Of Loan Types?
- How Have Outstanding Mortgages For The 5 Largest U.S. Banks Changed Since 2011?
- What Was The Total Mortgage Origination Volume For The 5 Largest U.S. Banks in 2015?
- How Have Mortgage Origination Volumes For The Largest U.S. Banks Changed Since 2011?
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 |JPMorgan | Bank of America | Citigroup
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