Mortgage Servicing Supply Continued to Decline In Late 2008, More Loans Tied to Agency MBS
March 19, 2009
An unprecedented decline in the overall size of the mortgage market that began in the second quarter of 2008 gained momentum late in the year, according to data released by the Federal Reserve. There was a total of $11.030 trillion of 1-4 family mortgage debt outstanding at the end of last year, down 0.8 percent from the end of 2007. That marked the... [Includes one chart and one graph]