Defaults on FHA-backed loans are anticipated to increase over the next several years, resulting in an increase in the number of properties that are sitting vacant. This means that maintenance costs for servicers and their third-party partners will only continue to rise. In this article, Denis Brosnan, president and chief executive officer of Dallas-based DIMONT, discusses the high risk of defaults on FHA loans and explains how servicers can mitigate losses by establishing strong quality control procedures throughout the default resolution process.
