Loss Mitigation

A Dark Day for the Mortgage Industry 

If the Mortgage Bankers Association was hoping to show that it’s in touch with the needs of the mortgage servicing industry – and taxpayers, too – a proposal unveiled at last week’s servicing conference in San Diego may quickly have shot that notion to the ground. MBA president and CEO John Courson used the show’s opening remarks to announce that the trade organization was backing what it called a “Bridge to HAMP” proposal for unemployed borrowers.