WASHINGTON, D.C. – May 13, 2011 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today released a new white paper which provides background information and an environmental scan of the events leading up to the current foreclosure crisis and examines some of the myths surrounding servicer incentives in the loss mitigation process. The white paper is being released in conjunction with MBA’s President & CEO David H. Stevens’ testimony before the Senate Committee on Banking Housing and Urban Affairs Subcommittee on Housing, Transportation and Community Development on “The Need for National Mortgage Servicing Standards.”
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