PT  - JOURNAL ARTICLE
AU  - Jonathan C. Wishnia
TI  - Reconsidering the Future of RMBS Servicing Structures
AID  - 10.3905/jsf.2010.16.2.018
DP  - 2010 Jul 31
TA  - The Journal of Structured Finance
PG  - 18--22
VI  - 16
IP  - 2
4099  - https://pm-research.com/content/16/2/18.short
4100  - https://pm-research.com/content/16/2/18.full
AB  - The financial crisis and the rash of mortgage defaults put the servicing of securitized residential mortgage loans under severe stress and raised some important issues related to the way the role of the servicer is defined. This article focuses on major considerations that bondholders, primary servicers, trustees, and other transaction parties should contemplate while structuring future transactions. Specifically, the article highlights the following issues in depth: default servicing activities, the role of servicers in non-servicing activities, and the replacement of servicers. In the course of discussing these issues, the author also proposes solutions to consider in connection with future transactions.TOPICS: MBS and residential mortgage loans, CMBS and commercial mortgage loans