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Home » Servicers Comply With Most Requirements, Regulators Push for Better Performance
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Servicers Comply With Most Requirements, Regulators Push for Better Performance

December 12, 2013
Recent progress reports on the $25 billion national servicing settlement and the Home Affordable Modification Program suggest that servicers are complying with the vast majority of the programs’ requirements. However, regulators continue to push for better performance. The five banks participating in the national servicing settlement complied with the settlement’s 29 metrics as of the end of the second quarter of 2013, according to a report released last week by the settlement’s monitor. JPMorgan Chase was...
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