Since the second half of 2007, investors in mortgage-backed securities have had two questions concerning deal servicers: what are they doing with loan modifications; and are they adding value? Now, as originators are taking more loans back on balance sheet through repurchase demands, they, too, are becoming concerned.
Most of the approaches to valuing servicer performance are either incomplete or do not address the industry’s problems. Servicer ratings produced by the rating agencies only give a
The week on Risk.net, July 7-13, 2018Receive this by email