Definition of recourse servicing

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TeachMeFinance.com - explain recourse servicing



recourse servicing -- mortgage servicing in which the company servicing a mortgage has assumed the financial risk in the event the borrower defaults on the loan. See mortgage servicing.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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