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Home » Store » News » Katrina’s Wake Means More Work for Subprime Servicers

Katrina’s Wake Means More Work for Subprime Servicers

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The devastation wreaked on the Gulf Coast by Hurricane Katrina has left subprime mortgage servicers scrambling to implement disaster relief plans, promising forbearance and other assistance to borrowers who, in many cases, they may not be able to find. But while the human and economic toll of Katrina is likely to be huge, with estimates of rebuilding costs topping $150 billion, the storm doesn’t appear likely to have much of an impact on the…
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