Whether it is a mountain bike for leisurely rides on the weekend or a commuter bike for the weekday grind, Roberta Standen says her bike is her own. “It’s not just a mode of transportation, it’s part of my identity,” she says. Standen is not alone in this sentiment. In recent years, there has been a growing trend of people using bikes as a primary form of transportation. This is especially true in urban areas, where traffic and pollution make driving a less attractive option. For private mortgage loan servicing companies, this trend presents both opportunities and challenges. On the one hand, more people using bikes means more potential customers for loan products that finance the purchase of bikes or bike accessories. On the other hand, bikes are much easier to steal than cars, which could lead to an increase in loan defaults. Ultimately, whether or not the trend of using bikes as a primary form of transportation continues to grow will depend on a variety of factors, including gas prices, infrastructure, and public attitudes. However, private mortgage loan servicing companies should be aware of the potential implications of this trend and adjust their strategies accordingly.