Mortgage Servicing Rules. Why do we have Mortgage Servicing Rules?

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Presentation transcript:

Mortgage Servicing Rules

Why do we have Mortgage Servicing Rules?

Mortgage Servicing Final Rule - New Requirements

Periodic Statements

Periodic Statements Content

Periodic Statements Coupon Book Exemption

ARM Disclosure Requirements

Prompt Crediting and Payoff Statements

Error Resolution and Information Requests

Force Placed Insurance

General Servicing Policies, Procedures and Requirements

Early Intervention with Delinquent Consumers

Continuity of Contact with Delinquent Consumers

Loss Mitigation Procedures

Questions?