Servicers See Income Drop 23% In Q1

Mortgage servicers saw a 23% decline in income in the first quarter as the result of longer foreclosure timelines and regulatory crackdown on fees they charge, according to Lender Processing Services.

  • 29 Apr 2011
Mortgage servicers saw a 23% decline in income in the first quarter as the result of longer foreclosure timelines and regulatory crackdown on fees they charge, according to Lender Processing Services. LPS noted, however, that income will rise again as the large inventory of delinquent loans pick up ...

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