WASHINGTON - The third-quarter dollar volume of portfolios held by companies that service commercial mortgage-backed securities rose 3.9% from the previous quarter, to $215.6 billion, according to a quarterly survey by the Mortgage Bankers Association.
The 10 largest servicers added $8.2 billion of commercial securities to their portfolios in the third quarter, an increase of 17.7% from a year earlier, the survey showed.
New issues of commercial securities totaled only $15.4 billion, including $3.3 billion of non-U.S. securities, but servicing volumes for four of the top 10 companies climbed 25% or more, while four other companies reported double-digit increases.
