Recapture rate is up as loan performance splits: MBA Servicing

Rising refinance recapture and a widening split in borrower performance are redefining the servicing outlook, speakers at a Mortgage Bankers Association conference in Dallas said Wednesday.

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The latter, which has stemmed from what’s been referred to as a K-shaped economy, is “a tale of a few stories or maybe substories,” Joel Kan, deputy chief economist at the Mortgage Bankers…