Mortgage Servicing Business Shrinks Again In 3Q09 But Agency Business Still Growing
December 17, 2009
The total supply of home mortgages in the U.S. market declined again during the third quarter of 2009, according to the Federal Reserve.The Fed late last week reported that $10.852 trillion of home loans were outstanding as of the end of September, down 0.8 percent from the previous quarter. That marked the seventh consecutive quarterly decline in a market that until... [Includes one chart]