Mortgage Servicing Paper in Yale Journal on Regulation

From Credit Slips by Professor Adam Levitin.

Credit Slips Guest Blogger Tara Twomey and I have a new paper out on mortgage servicing in the Yale Journal on Regulation.  It’s long, but it tries to present a comprehensive overview of the economics and regulation of the servicing industry, as well as an argument that servicing suffers from a serious principal-agent problem.  We hope it will be a useful resource for those dealing with servicing and working on foreclosure-related issues.