Servicers Doing a Good Job Handling Option ARMs – So Far, Analysts Say
November 23, 2005
Servicing option ARMs can be tricky because borrowers have several choices in how much to pay every month, but MBS ratings analysts say servicers appear up to the challenge. Contacted by Inside MBS & ABS, ratings service officials said that their field reviews have turned up few problems so far in the servicing of option ARMs. That’s partly because the handful of lenders servicing these deals are using robust technology...