Summary: |
This Special Foreclosure Edition of Supervisory Insights discusses an issue of critical interest to examiners, bankers, and supervisors: the lessons learned from an interagency review of foreclosure practices at the 14 largest residential mortgage servicers, and examples of effective mortgage servicing practices derived from these lessons. The publication is available at http://www.fdic.gov/regulations/examinations/supervisory/insights/sise11/index.html Statement of Applicability to Institutions with Total Assets under $1 billion: This article should be of interest and practical use to banks involved in residential mortgage servicing, but it is not supervisory guidance. |
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Additional Related Topics:
- Real Estate Lending Policies
- Managing Third-Party Risk
- Loss Mitigation Strategies
- Servicemembers Civil Relief Act