Wells Fargo dominates the market for servicing securities issued by Ginnie Mae with a portfolio of $215 billion, according to figures compiled by National Mortgage News and the Quarterly Data Report. Bank of America is second with $189 billion, meaning the two banks account for 48% of the Ginnie Mae market, Mortgage Servicing News reports. Mortgage banks are currently servicing $843 billion in Ginnie Mae securities, 46% higher than a year ago and greater in volume than the on-balance sheet portfolios of Fannie Mae and Freddie Mac.

Click here to read the story from Mortgage Servicing News.