- The fresh new iA Institute
Press release
Among state’s best subprime home loan servicers accounts you to definitely delinquencies to the subprime mortgages they covers hit bottom or declined this summer, for the high size due to its tech-increased loan mod program.
The fresh new looking stands for a beam off promise throughout the subprime drama and you will ways an useful method of staying residents within their homes and you may securing lenders’ and investors’ earnings.
Considering Ocwen Economic Corp. (NYSE: OCN), a prominent servicer away from subprime mortgage loans https://paydayloanalabama.com/repton/, delinquency rates in any group (60, 90 and you may 90+ days) has either rejected or remained flat during the last 90 days. (more…)
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