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Home » Store » Inside The GSEs » Special Servicers Pick Up the Slack As Banks Dump Subprime Servicing

Special Servicers Pick Up the Slack As Banks Dump Subprime Servicing

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Inside The GSEs

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The outstanding supply of subprime mortgages in the market continued to decline in the third quarter, but three special servicers significantly increased their portfolios, according to a new ranking and analysis by Inside Nonconforming Markets. The growing servicers – Ocwen Financial, Nationstar Mortgage and Walter Investment Management – all focus on high-touch servicing. Special servicing is in particularly high demand as banks have started to sell their subprime holdings, a trend expected to...
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