Volume 2014 - Number 10
March 13, 2014
Downloads Available: 1-4 Family Mortgage Servicing Outstanding - 2003-4Q13
Downloads Available: Top 100 Mortgage Servicers - 4Q13
Nonbanks Continued Assault on MSR Market, But Total Mortgage Servicing Shrank in 4Q13
The mortgage servicing market posted its first gain in more than five years during the third quarter of 2013, but failed to get any traction as the supply of mortgage debt outstanding fell slightly over the last three months of the year. The unpaid balance of home mortgage debt peaked at an all-time high of $11.316 trillion in the first quarter of 2008 and then began a steady five-year decline through the third quarter of last year. But the Federal Reserve reported that the balance of home mortgage debt slid 0.5 percent in the fourth quarter of 2013. Don’t blame...[Includes two data charts]
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