TITLE

Subprime Servicers Join Forces

AUTHOR(S)
Berry, Kate
PUB. DATE
September 2011
SOURCE
Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p37
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the effort of the Residential Special Servicer Coalition to remind regulators and lawmakers about alternatives to big-bank servicers in the U.S. The members of the coalition, which are comprised of small band of specialty servicers have the expertise to restructure soured loans and keep borrowers out of the foreclosure scheme. The members of the coalition also boast that they have succeeded in reworking a large portion of troubled loans in the country.
ACCESSION #
65285861

 

Related Articles

  • Fannie: Servicers Can Offer More Aid. Hochstein, Marc // American Banker;12/10/2008, Vol. 173 Issue 237, p12 

    A news brief is presented, reporting on further measures taken by Fannie Mae to prevent more U.S. home foreclosures. In addition to modifying loans for delinquent borrowers, loan servicers will be allowed to help those whose default is anticipated. Also, the maximum forbearance period was...

  • Servicing volume hits $30 billion for commercial firm.  // Mortgage Banking;Mar98, Vol. 58 Issue 6, p7 

    Looks at the results of a Mortgage Bankers Association of America (MBA) survey indicating that six of the United States' largest commercial mortgage firms showed servicing volumes of more than $10 billion in 1997. GMAC Commercial Mortgage Corp. as the top commercial mortgage firm; AMRESCO's...

  • Home loan leaders.  // American Banker;10/07/97, Vol. 162 Issue 193, p16A 

    Presents a compilation of the top movers in the mortgage lending industry in the United States, compiled as of June 1997. Top ten in serving growth; Top ten in servicing declines; Top ten in origination growth; Top ten in origination declines; Top servicers in mortgage banking; Top originators...

  • Leapfrogging traditional ways. Moore, Joe; Saelens, John F. // Mortgage Banking;Oct98, Vol. 59 Issue 1, p44 

    Reports on trends in mortgage marketing in the United States. Changes in the relationship between lenders and realtors; Shifts in Allied Group Mortgage Co.'s loan strategy; Role of customer service to Cornerstone Mortgage Inc.'s loan production; Total Performance Group's use of technology in...

  • A new servicing cost study. Duncan, Doug; Helm, Marc; Colombe, Paul // Mortgage Banking;Oct98, Vol. 59 Issue 1, p114 

    Focuses on the use of the research `The Cost of Servicing Study' from the Mortgage Bankers Association of America to analyze performance of mortgage loan servicing operations in the country. Restructuring of the servicing business; Types of mortgage companies that originate and service...

  • As Leaders Consolidate the Industry, Subservicing Volume Grows. Avidon, Eric // National Mortgage News;09/04/2000, Vol. 24 Issue 50, p28 

    Reports that during the second quarter of 2000, the United States' leading conventional mortgage subservicers substantially grew the size of their subservicing portfolios. Mortgage loans up 33% from $136 billion from the second quarter of last year; Subservicing leader Dovenmuehle Mortgage;...

  • Scramble is on for king of the hill in servicing. Kulkosky, Edward // American Banker;10/6/1995, Vol. 160 Issue 193, p9 

    Reports on the competition among mortgage servicers in the United States for dominance in the lending market. Preparations by Countrywide Credit Industries regarding the challenge posed by the merger between Chemical Banking Corp. and Chase Manhattan Corp.; Bidding for the purchase of...

  • $100B club getting less exclusive. Ratner, Juliana // American Banker;10/24/1995, Vol. 160 Issue 205, p19 

    Reports on the increase in market share of the biggest home mortgage servicers in the United States as a result of consolidation in the industry in the first half of 1995. Growth in portfolios of the largest servicers; Increase in number of servicers who topped the $100 billion mark;...

  • Consolidation is changing the face of the industry. Talley, Karen // American Banker;10/24/1995, Vol. 160 Issue 205, p25 

    Focuses on changes in the mortgage loan servicing industry in the United States as a result of consolidation. Dissolution of mortgage giants; Bankruptcy of Lomas Financial Corp.; Banks' interest in subprime lenders as a way to create mortgage profits.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics