The Mortgage Bankers Association recently held its annual servicing show in Florida. An analyst from Friedman Billings Ramsey was there, taking in the color. In a new research note the analyst said he heard stories about how some borrowers do not want to make spending changes to save their homes. He writes: "One servicer claimed that a borrower wanted the servicer to lower his/her $3,000 per month mortgage payment because the borrower was unwilling to give up two monthly luxury car payments that totaled over $3,000 per month." Meanwhile, FBR's stock is trading for 15 cents a share on the NYSEâ¦
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