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Bloomberg: Mortgage servicing needs fixing, and here’s what should be done

Mar 28, 2019By

Mortgage servicers are “unsung professionals” who play a crucial role in the U.S. economy, Bloomberg says, but they’re not doing their jobs well. But to be fair, it’s not all their fault. What’s the problem? A recent article in Bloomberg breaks it down, claiming that the mortgage servicing sector needs a serious overhaul. Here’s a review of the problems, and some ideas as to what can be done about it.