Mortgage Servicing

Loss Mitigation More Important Than Ever, Says S&P’s Head of U.S. Servicer Evaluations 

There was no shortage of discussions pertaining to the notable growth of the subprime segment of the mortgage market during the recent MBA National Mortgage Servicing Conference, held in late Feburary. One of the more notable themes conveyed during the event, however, was the impact that the shift in borrower credit quality has had on the servicing industry. This evolution, according to many of the speakers and presenters during the conference, has tainted the image of the servicing industry, which is ultimately responsible for administering the loans being offered to an ever-widening borrower base — but does not make a decision as to whether a loan should have been made in the first place.