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Home » Store » GSEs » Servicing Shift Gains Momentum in 2Q13 As Nonbanks Gain Share in MSR Market

Servicing Shift Gains Momentum in 2Q13 As Nonbanks Gain Share in MSR Market

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Rising prices for mortgage servicing rights in the second quarter of 2013 helped lure sellers to a market that continues to see a decline in available product and improving fundamentals. The Federal Reserve this week reported that the long, steady decline in home mortgage debt outstanding – a streak that has now run six and a half years – continued through the midway point in 2013. As of the end of June, home mortgage debt outstanding was down to $9.833 trillion, a 0.4 percent drop from March and a hefty 12.9 percent decline from the all-time high ($11.287 trillion) set back in March 2008. A new Inside Mortgage Finance analysis reveals...[Includes two data charts]
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