MBS investors need to choose their servicer wisely: Joseph Mason column

joseph-mason-gray
Joseph Mason

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

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: