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Home » Store » News » The Beat Goes On. Banks Backpedal from Agency Servicing Market in 4Q16, Especially Ginnie Sector

The Beat Goes On. Banks Backpedal from Agency Servicing Market in 4Q16, Especially Ginnie Sector

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The evolution of the agency mortgage-servicing market isn’t over, though it appears to have settled into a long-term transition by attrition. At the end of 2016, depository institutions serviced some $3.584 trillion of single-family home loans committed to mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. That was down 1.0 percent from September, a period during which the supply of agency MBS debt outstanding was growing. The depository share of agency MBS servicing fell...[Includes two data tables]
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