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Mortgage Servicers Improving REO Portfolios

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Altisource Portfolio Solutions issued additional results of its inaugural Default Servicing Survey, a survey of over 200 mortgage default servicing professionals.

Most mortgage servicing professionals (93%) say their firms are investing in improving the quality of REO properties under management; for 62% that’s a significant investment.

The inaugural Default Servicing Survey by Altisource Portfolio Solutions found that the trend is for servicers to spend money to make their assets more attractive to homebuyers, especially as the tight inventory in many areas is boosting prices.

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