Latest Survey Shows Results of Various Workout Strategies

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Mortgage servicers, investors and others are employing a variety of workout strategies to minimize their current losses and resolve problem loans. But there are some big differences in the way various players handle mortgage defaults and property sales.

That’s why Inside Mortgage Finance and Campbell Communications have just completed the first national study of loss mitigation performance, involving a major survey of real estate agents and brokers.

An unprecedented survey report, Mortgage Loss Mitigation in 2008: Real Estate Agents Report on Lender Practices, will be released in early April. The survey focuses on loss mitigation activity in January and February 2008 and will provide critical insights for servicers, investors, and asset managers.

Key issues to be addressed in the study are:

  • What are the best real estate management practices for pre-foreclosure sales, short sales, and REOs?
  • What real estate commissions are commonly being paid for short sales and REO sales?
  • Do reduced real estate commissions result in slower sales?
  • What are the most effective tactics for speeding up the sale of REO properties?  
  • What are the reasons some agents do not list short sales or REOs?
  • What are the reasons some agents do not show homebuyers short sale and REO properties?  
  • How do real estate agents rate specific mortgage servicers on pre-foreclosure and short sales?
  • How do real estate agents rate specific mortgage investors on REO sales?

Actionable Intelligence for Senior Management

The survey report will provide mortgage servicing executives and loss mitigation teams with quantifiable data about what is working and what is not – for servicers, real estate agents and home sellers – in today’s stressed workout environment. 

For more about this important new study, view the complete prospectus at
http://www.imfpubs.com/survey_reports/prospectus.pdf. 

The survey instrument can be viewed online at http://www.campbellsurveys.com/agent08.

For information on how to obtain the full survey results, contact John Campbell at at john@campbellsurveys.com or (202) 363-2069.

This entry was posted on March 20, 2008 at 12:58 pm and is filed under Servicing, Surveys, loan modification. Tagged: , , , . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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