Servicing Transfer Market Remains Subdued In Early 2006, Most Action in Freddie Deals
June 15, 2006
The secondary market in mortgage servicing rights remained sluggish in early 2006, according to data from Ginnie Mae and the government-sponsored enterprises. Mortgage servicing rights with an outstanding balance of $59.5 billion associated with agency mortgage securities were transferred from one company to another during the first three months of 2006. That was up from a low of $34.5 billion during the final three months of last year, but it represented just 1.4 percent of… [One data table included]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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