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Home » Servicers Report Slight Uptick in GNMA Business
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Servicers Report Slight Uptick in GNMA Business

March 22, 2013
Ginnie Mae servicing volume was up modest 1.5 percent in the fourth quarter of 2012 and 9.1 percent higher from the previous year, with some eye-popping increases reported by several servicers. The top servicers of Ginnie Mae mortgage-backed securities reported $1.31 trillion in government-backed mortgage debt outstanding in the fourth quarter, up from $1.29 trillion from the previous quarter. Wells Fargo led the pack with $407.2 billion after posting gains on a quarterly and year-over-year basis while second-place Bank of America recorded a total of ... [1 chart]
News Inside Mortgage Finance Inside MBS & ABS Inside Mortgage Trends Inside FHA/VA Lending Government-Insured Lending Mortgage Insurance Servicing Agency MBS Profitability Ginnie Mae Issuance Government-Insured Originations Programs & Policies Ginnie Mae
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