Surging FHA Lending Leads Ginnie Mae to Significant Gain in Servicing During 2008
July 10, 2008
Rapid gains in FHA lending made the government-insured sector the fastest growing market in mortgage servicing during the first quarter of 2008. The total supply of servicing linked to Ginnie Mae mortgage securities rose 4.1 percent during the first three months of the year, reaching $461.48 billion as of the end of March. That was the highest level... [Includes two charts]