Industry NewsMortgage

Loan servicers treading water

Study finds delinquencies growing as fast as workout efforts
Published on Apr 23, 2008

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by CareyBot

Three quarters of seriously delinquent subprime borrowers were not headed for any loss mitigation outcome other than foreclosure at the end of January, state banking regulators and attorneys general said in a report that analyzes the lending industry’s loss mitigation ...

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