Mortgage Servicing Market Continued to Shrink in Late 2009, But Agency Programs Up for the Year
March 18, 2010
The mortgage servicing business continued to shrink through the end of 2009 as the supply of home loan debt declined to its lowest level in nearly three years. The Federal Reserve late last week estimated that there were $10.786 trillion of single-family mortgages as of the end of last year, a decline of 0.5 percent from the previous period. The supply of mortgage... [Includes one chart]