Mortgage Servicing Market Shrinking in 2008 Despite Surge in Agency Business
December 18, 2008
Growth in mortgage debt outstanding has always been a given in the mortgage business, but one of the little-noticed developments in a year of industry tumult has been the shrinkage of the home loan servicing market for the first time ever. The Federal Reserve late last week reported that total 1-4 family mortgage debt outstanding fell... [Includes one chart]