Mortgages Serviced for Private Investors Account for Large Share of Loan Mods
March 26, 2010
Loans serviced for non-agency MBS trusts and other private investors accounted for 23.7 percent of total loan modification activity tracked by federal regulators during the fourth quarter of 2009. That was the second-largest category of loan mod activity, trailing mortgages held in bank portfolios, although each sector accounted for only about 8.0 percent of total servicing by companies...