Subprime Loss Mitigation Increases, Servicers’ Tactics Vary as Delinquencies Pile Up
February 19, 2010
Subprime servicers continued to focus on loss mitigation in 2009 while servicing volume declined for the vast majority of the industry, according to a new ranking and analysis by Inside B&C Lending. An estimated $697 billion in subprime mortgages were outstanding at the end of 2009, up 4.8 percent from the previous quarter due to a technicality... [Includes one chart]