Some Insiders Contemplate Loss Mit Tools

September 2011
Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p1
A roundtable discussion with chief real estate officer Steve Ozonian of Carrington Holding Co., National Creditors Connection Inc. vice president Jay Loeb, and Woodward Asset Capital LLC president Ronald Jasgur in the U.S. is presented. They discuss how the deed-in-lieu of foreclosure works for lenders and their options in the scheme. They explain how homeowners could start making mortgage payments again under the program. They provide insights regarding the importance of loss mitigation tools.


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