The ratings agency DBRS published its U.S. residential mortgage servicing review and 2012 outlook this week. The agency’s analysts stress that mortgage servicers are going to continue to see “much needed reform” in 2012 as the industry moves to standardize the servicing business. The first go at such standardization will center around implementing the directives of regulators’ consent orders, according to DBRS. The agency does expect the U.S. government to implement some of the REO programs currently being vetted, but doesn’t foresee any tangible benefits in terms of losses Article Feed