TITLE

Fixing Servicing Fees So They Help More Firms

AUTHOR(S)
Willard, Kent
PUB. DATE
September 2011
SOURCE
Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p4
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
In this article the author reflects on the importance for mortgage servicers to fix their serving fees to help financial institutions stay in the business in the U.S. He cites the move of Washington Mutual Inc. to lobby Fannie Mae to lower its servicing fees to lessen the burden of mortgage banks and homeowners. However, the author asserts the factors that motivate fee-driven servicing industry to refuse lowering their charges and criticizes that they do not fulfill the purpose of finance.
ACCESSION #
65285834

 

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