Flagstar May Have to Sell Mortgage-Billing Contracts for a Loss

“Large mortgage servicers are just generally overwhelmed,” said Steve Horne, the former director of servicing risk strategy at Fannie Mae who now heads Wingspan Portfolio Advisors LLC, a specialist in distressed-loan collections. They “really lack the tools to cope with the volume of defaults.”

Read more from Bloomberg

Related News

  • No Related Post

Leave a comment

Leave a Reply

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News