The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
W S
Servicing / The Ticker

American Banker: Compensation structure for servicers led to issues

/ Print / Reprints /
| Share More
/ Text Size+

Loan servicing is one of the least understood aspects of mortgage banking, but one that has wreaked havoc with borrowers and at times posed significant financial volatility for banks and other firms engaged in this activity. 

A major contributing factor to the unprecedented problems in servicing nonperforming loans during the mortgage meltdown is the simple flat pricing structure for compensating servicers for their activities.

Source: American Banker
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus