Investors Take Bigger Hits on Subprime Mortgages Serviced by Banks

October 15, 2015 5:40 AM

2:16

Moe loan principal is lost when bank servicers foreclose on subprime mortgages than when nonbank servicers foreclose; Moody's Investors Service attributes this to longer foreclosure timelines imposed by regulators.

RMBS

TRENDING

Securitization

Chase Auto Owner Trust prepares to sell $1.2 billion in notes

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Esoteric ABS

Credit investors snap up bonds backed by art loans, internet addresses

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