Fixing Servicing Fees So They Help More Firms

Willard, Kent
September 2011
Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p4
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.


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