Keeping Afloat

Carrington Comments on the State of Mortgage Servicing in MortgagePoint Magazine

In an article published in the July 2023 edition of MortgagePoint magazine, Candace Russell, VP Post Sale, Carrington Mortgage Services, is quoted in the cover story “Keeping Afloat.” The article assesses the state of the mortgage servicing space midway through 2023, noting that several factors are in play. According to the article, forces are pushing and pulling at the housing industry from multiple angles, as buyers struggle with affordability issues amid ongoing fears of an economic recession.

Russell notes: “Servicing has always been, in my opinion, a specialty market, especially default servicing. With the current rate environment, servicing is not only necessary, but also an unexpected place of stability for some players."

Read the article online on the DS News website here.