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Volume 2009 - Number 13

June 19, 2009

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Lack of Originations Harming Subprime Servicers’ Loss Mitigation Efforts

The amount of subprime mortgages outstanding declined again in the first quarter of 2009, according to a new ranking and analysis by Inside B&C Lending, as subprime originations are nearly non-existent. The lack of liquidity has diminished servicers’ loss mitigation efforts, with new incentives from the federal government not expected to help much... [Includes one chart]

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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Housing Pulse

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