Home Mortgage Servicing Market Posts Rare Second Straight Quarterly Gain, Nonbanks Keep Marching On
December 17, 2015
The supply of home mortgage debt outstanding increased by 0.5 percent during the third quarter of 2015, following a similar modest gain during the previous period. A total of $9.952 trillion of single-family mortgage debt was outstanding at the end of September, according to a Federal Reserve report released late last week. It represented a second consecutive quarterly increase, something the mortgage servicing market has struggled to accomplish during the long contraction that started back in 2008. Most of the increase came...[Includes one data table]
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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