Industry News

Loan servicers urged to help troubled borrowers

State, federal regulators support loan conversion, deferred payments where allowed
Published on Sep 4, 2007

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by CareyBot

State and federal regulators are urging companies servicing mortgages that have been securitized and sold to investors to “determine the full extent of their authority” to employ loss-mitigation strategies to avoid unnecessary foreclosures. Mortgage loans — especially those offered to ...