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Home » Store » News » Ginnie VA MBS Outstanding Up, FHA-Backed MBS Servicing Down

Ginnie VA MBS Outstanding Up, FHA-Backed MBS Servicing Down

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Servicing of VA loans securitized by Ginnie Mae increased in the second quarter of 2015 even as servicing of FHA-backed mortgage securities fell over the same period, according to an analysis of Ginnie Mae data. Ginnie VA servicing outstanding, which totaled $332.4 billion, was up 2.8 percent in the second quarter from the previous quarter and up 9.0 percent year over year. Wells Fargo maintained its huge lead as the largest servicer of securitized VA loans with a total of $101.1 billion, down slightly from the prior quarter and from the same period a year ago. Ginnie data show Wells ending the quarter with a 30.4 percent share of VA servicing outstanding. USAA Federal Savings Bank lagged far behind Wells in second place with 6.1 percent of total VA servicing outstanding, and that was up 7.1 percent from the previous quarter. Third-ranked PennyMac Corp. increased its ... [ 2 charts ]
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