S&P: Residential mortgage servicing could be on the edge of glory

The financial crisis brought the residential mortgage servicing industry to an abrupt halt as federal banking entities cracked down on the alleged abuses by the industry after an onslaught of borrowers lost their homes. The negativity toward the industry is starting to change though. With the financial crisis nearly a decade in the past, a new report from S&P Global Market Intelligence suggested that mortgage servicing companies may be poised for a turn toward long-term stability.

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