Proposed Servicing Settlement Ups Responsibilities and Costs for Loss Mitigation and Foreclosure Processing
March 10, 2011
A political storm is brewing over a controversial bid by federal and state regulators to force mortgage servicers to make principal reductions and significantly increase the amount of work they do to mitigate losses and pursue foreclosures. A 27-page draft of proposed settlement terms does not cite...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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