Nonbank servicers will continue to gain market share in 2017, but much of that growth will come from their own loan origination activity rather than mortgage servicing rights purchases and subservicing, according to Fitch Ratings.

From 2008 to 2015, nonbanks grew their market share from 4% to 32% through MSR and subservicing deals, but those channels are drying up, Fitch reported based on a servicer roundtable it conducted in November. That growth is expected to continue, according to 89% of the roundtable's participants, but likely won't come from the same sources.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.