Foreclosure woes force banks to focus on servicing mortgages

11/8/2010 | Wall Street Journal, The

Banks are being forced to put more resources into servicing mortgages as the foreclosure issue has shown a spotlight on the sector. Questions are being raised about how banks service mortgages and whether conflicts of interest exist. The increased focus on mortgage servicing will likely hurt the profitability of the business, representing another challenge for banks.

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Wall Street Journal, The

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