A New Game Plan for Servicing (The Deciding Advantage‪)‬

While the press shrieks about the default volume increases, the fundamental challenge is that the current default-management process doesn't work. The year 2009 arrived with multiple forces driving defaults, including the destruction of value in Ohio, Michigan and Indiana; the speculators in the "sand" states of California, Arizona, Nevada and Florida; and the "normal" reasons for defaults (to be heightened by increasing unemployment). Even with the best servicing software, juggling the degree, diversity and depth of the distressed borrower with current default-management processes is quixotic.