A few analysts were worried when Countrywide Credit Industries said runoff from its servicing portfolio amounted to 50% at an annualized rate in October.

The figure dropped to 46% in November, though, and Sy Jacobs, an analyst at Alex. Brown & Sons, Baltimore, is expecting further improvement in coming months. "We are quite encouraged by the November data," he wrote in a recent report. "We had expected runoff to remain at record levels, and it began to fall."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.