S&P Says Servicers Focused on Managing Troubled Mortgages in Third Quarter
November 7, 2008
Subprime mortgage delinquency rates continue to climb as 2008 staggers to a finish, creating more strain on servicers trying to cope with increased workload, according to a new Standard & Poor’s report released this week. Subprime mortgage delinquencies have increased from an average 15 percent of loans in 2006 to nearly 24 percent industry-wide in 2008, S&P said...