It’s a new year, one full of anxiety for US mortgage lenders. Then again, this year’s worry list may not look so dire. Residential home values appear to have stabilised, although certain hard-hit markets like Las Vegas and Florida still have a way to go before a true floor is declared. Below, I list five key issues on US lending executives’ minds.
The robosigning settlement
The US’ 15 largest home loan servicers, which together control 65% of the receivables market, have yet to strike a deal with state attorney generals to settle allegations that they cut legal corners when foreclosing on many thousands of troubled home owners.
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