Loss Severity on Short Sales 13% Lower than REO: Report
By: Carrie Bay Over the past year, the mortgage risk analysis firm Clayton Holdings says it has witnessed an overall increase in short sale activity. Because of the growing emphasis on keeping borrowers out of foreclosure, servicers are becoming more inclined to employ alternative loss mitigation strategies. And Clayton says the added benefit to servicers … Continue reading Loss Severity on Short Sales 13% Lower than REO: Report
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