Supply of Mortgage Servicing Shrinks Again in Early 2009 as Portfolio Lending Recedes Further
June 18, 2009
An increasing share of the mortgage servicing business is tied up with mortgage-backed securities or assets sold directly to Fannie Mae and Freddie Mac, according to an Inside Mortgage Finance analysis of recently-released data from the Federal Reserve. The Fed reported late last week that there were $11.024 trillion of 1-4 family mortgages outstanding at the... [Includes one chart]