The business of subservicing loans for other companies appears to be alive and well. According to new figures compiled by National Mortgage News and the Quarterly Data Report, Cenlar of Ewing, N.J., continues to be the market leader in subservicing contracts with a balance of $76 billion at June 30, a healthy 65% jump from the same period a year ago. Among all subservicers, Dovenmuehle ranked second in 2Q, but its volume is an estimate. For years, the privately held company has refused to disclose its balances. Meanwhile, we are hearing scattered reports that foreclosure volumes could be quite heavy between now and yearend, which means all servicers (subs and otherwise) will be quite busy…
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