Servicing and Default News
But the trade in delinquent notes has exploded in the post-financial-crisis world.
As government entities like Fannie Mae and Freddie Mac have struggled with the legacies of the housing bust, they’ve sold billions of dollars’ of delinquent notes to big institutional investors, who resell them in turn.
With depositories continuing to dump servicing rights, can nonbank servicers keep up with the work? CHARLOTTE, NC...
RoundPoint did not make that mistake. We have a stable, compliant platform that will allow for our growth. As the banks move away from this business, as they should given the high cost of their compliance overhead, we are happy to step in.