Servicers Count on Rate Hike to Improve Fortunes in 2016
Rising rates could slow the runoff from refinancings and add stickier purchase loans to servicers' portfolios. That's the good news. The bad news is that, even as delinquencies and foreclosures have declined over the last couple of years, servicers are still stuck with scores of problem loans that require constant – and costly – monitoring. Servicers are also dealing with increased regulatory scrutiny.