Analyzing the similarities and differences between the 2008 and 2020 economic downturns can help mortgage servicers strategize and plan for what’s to come in 2021.
While there are distinctions between the downturns, lessons may be learned from the comparison which mortgage servicers can apply to the current economic environment. Mortgage servicers should take note and plan their strategies accordingly for the anticipated wave of loss mitigation precipitated by the end of COVID-19 forbearances.
Download our look at the difference between the economic downturns of 2020 and 2008 for mortgage servicing.
For more information, contact Mike Peretz.