Volume 2011 - Number 23
November 18, 2011
Downloads Available: Average Jumbo Mortgage Interest Rates/ Average Prime Offer Rates/ PrimeX Rates, ABX Prices, Mortgage Performance
News Briefs
Three more non-agency servicers agreed with New York’s Department of Financial Services to revamp their servicing practices to address alleged improper servicing. American Home Mortgage Servicing, Saxon Mortgage and Vericrest Financial last week agreed to servicing practices previously agreed to by Goldman Sachs Bank, Litton Loan Servicing and Ocwen Financial. Among other provisions, the agreements require a single point of contact for borrowers and the end of dual-track foreclosures. The servicers also must withdraw any pending foreclosure in which affidavits were inaccurate and... (Includes one data chart)
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