Consolidation of the mortgage servicing business has continued this year, though at a slower pace than during last year's refinancing boom.

The market has seen a smattering of medium- and large-size deals, the biggest being Chase Manhattan Mortgage's acquisition of Mellon Mortgage, announced in August. That deal adds $55 billion to Chase's already considerable portfolio of mortgage servicing rights, boosting it to the No. 1 spot among servicers, with nearly $300 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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