Volume 2014 - Number 11
May 23, 2014
Downloads Available: Top Subprime Mortgage Servicers - 1Q14
Subprime Mortgages Runoff, Focus Is on Mods
The amount of subprime mortgages outstanding continues to decline, with servicers in the sector focusing on loan modifications. An estimated $380 billion of subprime mortgages were outstanding as of the end of the first quarter of 2014, according to a new ranking by Inside Nonconforming Markets. With few subprime originations in recent years, the amount of subprime mortgages outstanding fell by 17.2 percent compared with the first quarter of 2013 ... [Includes one data chart]
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