Mortgage Short Sales Could Ease Foreclosure Crunch, But There Are Hurdles, Expert Says
June 10, 2011
Private capital could help resolve the foreclosure crisis if servicers and investors can agree to programs allowing the sale of distressed mortgages out of non-agency MBS pools, according to Jordan Dorchuck, vice president and chief legal officer at American Home Mortgage Servicing, Inc. Dorchuck outlined a proposal to allow...