Volume 25 - Number 6
March 17, 2014
Nonbank Special Servicers Are Not Bad Actors, Analysts Say
Regulators have been paying closer attention to the mortgage servicing practices of the large nonbank servicers, but they’re not the bad actors their critics make them out to be, analysts at Compass Point Research & Trading concluded recently. “Overall, we believe there is some merit to the operational concerns about portfolio growth for the special servicers, but the longer-term track record of the special servicers is strong and the near-term operational issues likely will be temporary,” the Compass Point team said. The analysts compared the servicing practices between the largest bank and nonbank mortgage servicers.
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