"If the servicer
simply forecloses on every single mortgage, they are doing what they always did, whereas if they modify a loan or accept a short refinance or a short sale, then they are subject to an argument about whether they properly exercised their discretion," she said.
said Friday it has raised its rating of Sanyo Shinpan Servicer
Hong Kong/Tokyo: Indian asset-based securities (ABS) structures appear to be evolving to better addresses counterparty risk, according to Fitch Ratings, with investors starting to focus beyond pool risk to also consider servicer
continuity and account bank risk.
are authorized to suspend or reduce a homeowner's mortgage payments immediately for up to 90 days without any contact with the homeowner if the servicer
believes the homeowner has been affected by a disaster.
Primary Mortgage Servicer
Satisfaction Study, found that effective and timely communication with consumers is paramount in preventing costly foreclosures.
The information concerning new delinquency notices and cures is compiled from reports received from loan servicers
. The level of new notice and cure activity reported in a particular month can be influenced by, among other things, the date on which a servicer
generates its report, the accuracy of the data provided by servicers
, the number of business days in a month, transfers of servicing between loan servicers
and whether all servicers
have provided the reports in a given month.
London: Fitch Ratings has affirmed FBS S.p.A.'s (FBS) Residential, Commercial and Asset Backed special servicer
ratings as follows:
Calling the CFPB a crucial watchdog of student loan servicers
, some 39 congressional Democrats are pressing Education Secretary Betsy DeVos to again share servicer
information with the consumer agency.
. Worse, some borrowers are not aware of who their servicer
Examiners also found that at least one servicer
listed incorrect reasons for denying loss-mitigation options in its loss-mitigation denial letters.
LaSalle Bank holds the affidavit of the loan servicer
's employee inadmissible as a business record where the employee did not know who entered the data he relied on, whether the computer entries were accurate when made, or how incorporated data from prior loan servicer
To help streamline servicer
response time, the solution auto-generates an initial response to the borrower acknowledging receipt of their complaint, and also preserves an audit trail of all borrower correspondence received and sent.