Exceptionally heavy mortgage refinance activity has dramatically slowed the bulk servicing transfer market in 2002, even though data show sharp declines in prices. The Office of Thrift Supervision reports that the average price multiple for 30-year Fannie/Freddie fixed-rate product sank to 4.8 during the third quarter of this year, a huge drop from 5.3 in the previous period. At the end of year 2000, similar servicing packages were going for price multiples of 6.5