"Foreclosures have come down but these are still extraordinarily high levels," said CoreLogic Chief Economist Frank Nothaft.
Fannie Mae and Freddie Mac have put billions of dollars' worth of distressed mortgage assets up for sale this year, but small buyers acquiring carve-outs of these offerings are driving activity in this niche market.
From due diligence and portfolio analysis to strategies for compliance and raising capital, the evolving market for buying and selling distressed mortgages has created both challenges and opportunities for investors, servicers and portfolio managers.
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