November 2017

The Failure of Trustees to Diligently Pursue Foreclosures

November 13, 2017 Lynn Szymoniak

Trustees & Servicers are destroying shareholder value by acting against behavior defined in the PSAs for their own private benefit. Agency problems continue to incentivize cheap, fraudulent document management processes and inefficiency over investor value.

In over 30% of the cases examined, the trustees did not begin foreclosure actions until more than six months after the loan default dates.

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