Subprime Servicers Join Forces

Berry, Kate
September 2011
Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p37
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.


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