PE Firms Must Tread Lightly To Cash In On Mortgage Servicing

Law360, New York (April 9, 2013, 7:46 PM EDT) -- Private equity firms are inking big-ticket deals for mortgage servicing rights from banks under increasing regulatory pressure to get out of the business, positioning themselves to be big players in a potentially lucrative industry as long as they can learn to navigate a regulatory minefield that has grown more treacherous since the recent foreclosure crisis, experts say.

Mortgage servicing rights come with the baggage of the foreclosure crisis that has resulted in billions of dollars in settlement payments for banks because of robosigning and other alleged...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.