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 settlements 29 metrics as of the end of the second quarter of 2013, according to a report released last week by the settlements monitor. JPMorgan Chase was...