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Home » Store » Taxable » Servicers Feel the Heat as Loan Interest Rates Rise

Servicers Feel the Heat as Loan Interest Rates Rise

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The origination practices of subprime lenders appear to be putting some pressure on servicers, which find themselves challenged with managing potentially volatile portfolios as interest rates rise and home price growth stalls. Ominously, the changing economic environment could lead to a surge in delinquencies, defaults, and possibly lawsuits, warned participants at the Housing Finance Summit last week put on by the Opal Financial Group. …
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