Loan servicers treading water
Study finds delinquencies growing as fast as workout efforts
By Matt Carter, Wednesday, April 23, 2008.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 efforts.
more...
To continue reading sign in to your 
Premium Member account.
Premium Member account.
Premium Members have full access to all news archives.
Buy Now Purchase 1-year Premium Membership - $149.95
OR
Buy Now Purchase Monthly Premium Membership - $19.95
Copyright 2008 Inman News
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
Bookmarking Sites
Story Tools Sponsored by: