Nearly every firm tracked in the Inside Mortgage Finance Large Servicer Delinquency Index reported improvements in mortgage performance during the first quarter...
“Some companies were proactive in addressing these deficiencies in a timely fashion while others' control structures remained problematic,” the MMC said.
Both Wells Fargo and JPMorgan note that they have taken significant steps to work with borrowers who have payment option ARMs and other loans that allow for negative amortization.