What's Really Holding Back Access to Credit.

The article focuses on a report issued by Laurie Goodman, Director of the Urban Institute's Housing Finance Policy Center in December 2014 on servicing nonperforming mortgage loans. It reveals that the annual cost of servicing a nonperforming loan in 2015 is higher than a performing loan. It also discusses the need to broaden access to credit to address the servicing issues and the changes announced by the Federal Housing Finance Agency to reduce the costs of servicing Fannie and Freddie loans.