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Home » Store » News » Mortgage Servicing Business Shrinks Again In 3Q09 But Agency Business Still Growing

Mortgage Servicing Business Shrinks Again In 3Q09 But Agency Business Still Growing

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The total supply of home mortgages in the U.S. market declined again during the third quarter of 2009, according to the Federal Reserve.The Fed late last week reported that $10.852 trillion of home loans were outstanding as of the end of September, down 0.8 percent from the previous quarter. That marked the seventh consecutive quarterly decline in a market that until... [Includes one chart]
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