Mortgage Servicing Market Continued to Shrink In 2010, But Agency Business Was Still Growing
March 17, 2011
The amount of home mortgage debt outstanding declined for the 11th consecutive quarter during the final three months of 2010, sinking to its lowest level since the end of 2006. The Federal Reserve last week reported there was $10.55 trillion of single-family mortgage debt outstanding at the end of 2010, down 0.6 percent from the third quarter. Since peaking...[Includes two data charts]