Alt-A

Viewpoint: Finding Fraud, and What it Really Means for Loss Mitigation 

Various state AGs and the Conference of State Bank Supervisors put out an update Tuesday to a study originally released in February that found that seven of 10 seriously delinquent loans “were not in any sort of work-out process.” The new report sings pretty much the same song — 70 percent of seriously delinquent subprime borrowers aren’t in any stage of loan workout or modification efforts — and essentially then takes servicers to task for failing to prevent