Although most of the nation’s megabanks have been purposely reducing their imprint in the residential servicing business, their market share losses are beginning to pile up, according to new figures compiled by National Mortgage News.

The nation’s top five servicers—Wells Fargo, Bank of America, Chase, CitiMortgage and Ally Financial—had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.

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