Summary: | The federal financial agencies and the Conference of State Bank Supervisors encourage institutions and their subsidiaries that service mortgage loans to pursue strategies to mitigate losses while preserving affordable, sustainable mortgage obligations. The agencies have prepared the attached "Statement on Loss Mitigation Strategies for Servicers of Residential Mortgages." |
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To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html . Paper copies of FDIC financial institution letters may be obtained via the FDIC's Public Information Center (1-877-275-3342 or 703-562-2200).
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Additional Related Topics:
- Nontraditional Mortgage Product Risks
- Subprime Mortgage Lending
- Workout Arrangements for Residential Borrowers
- Securitized Subprime Residential Mortgage Loans
- Implications of Restructuring Certain Securitized
- Residential Mortgage Loans
- Loss Mitigation Strategies