The money in the mortgage business is in the servicing. A brilliant move to spin off a servicing company and feed it tons of business especially in 2012. Forclosures continue to rise. And it will be hard to compete with them as they have a big head start.this is my take with 15 years in the mortgage business. Not to mention they are high teckie in there paperwork management.streamlining and helping to speed up foreclosure process which the housing maerket needs.