With loan origination at an ebb, Countrywide has raised revenue by securitizing the "excess servicing" on a $30 billion portfolio of home loans.

Excess servicing is servicing fees less servicing costs.

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.