Banks, thrifts and credit unions accounted for 50.5 percent of first-lien mortgage production by the top 100 lenders in the first quarter, according to survey figures compiled by Inside Mortgage Finance…
Not all depositories are retreating from the MSR market. The credit union industry reported a combined $197.6 billion in mortgage servicing for others at March 31, up 1.5 percent…
Fun fact: Ginnie Mae servicing now represents 16.5 percent of all residential debt outstanding – more than triple the program’s market share at the end of 2008.