Special servicer Fay Servicing, which handles at-risk residential loans, released the results of an in-depth personal budget analysis of borrowers for clients this week.

The point of the service is to make it easier for clients to assess the financial circumstances and health of borrowers.

"Fay Servicing’s PBA results offer a flexible and improved tool for analyzing borrowers' spending habits and strengthens their ability to keep their homes," said Ed Fay, chief executive officer of Fay Servicing. "It also offers a way for lenders to be more aware of their borrowers' evolving financial situations and estimate long-term profitability of their customers."

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