Sentences with phrase «servicer performance»
The CFPB and other regulators should help track and rate originator and servicer performance to increase transparency and accountability, as well as improve borrower access to information about their lender.
https://obamawhitehouse.archives.gov/
«At the time I took office at FHA,» said Stevens, «we found that significant reviews of servicer performance were not being done and had never been done, certainly not at the level of detail required.
Thus, in November, 2009 we began implementing very specific monitoring around servicer performance — particularly whether servicers were helping to prevent foreclosures by helping responsible homeowners restructure their mortgages.»
Student loan ABS filings and servicer performance reports are much less granular than similar mortgage reports.
S. 1675 — Student Loan Servicer Performance Accountability Act [Sen. Roy Blunt (R - MO)-RSB- would promote competition in federal student loan servicing by prohibiting the Department of Education from awarding all federal student loans to a single federal student loan servicer.
The Department provides some general information about servicer performance in the on - line data center and quarterly performance reports.
We asked the agencies to send information about any and all information that is publicly available for consumers to learn about servicer performance.
The only information we know of showing servicer performance is the quarterly servicer survey information that is generally available only on the Department's Information for Financial Aid Professionals (IFAP) web site.
The Consumer Financial Protection Bureau issued a report on servicer performance.
Not exact matches
When reviewing your credit, bad credit personal loan servicers look more at your ability to repay the loan that is extended to you than they do at your previous credit performance.
The lawsuit points out a weakness in the student loan servicer relationship, nobody is apparently accountable for bad performance and poor information even though Great Lakes and other servicers are hired to perform administrative responsibilities.
This is especially concerning given that ED plans to lessen the weight it gives to companies» past performance when it selects its single servicer.
I really like this as a carrot stick performance measurement the DOE could use to get debt collectors and servicers to meet standards and goals.
Today's CFPB report underscores the magnitude of the student debt crisis and the disastrous performance too many borrowers face from their loan servicers — something we've heard time and again in work with borrowers from across the country.
The J.D. Power U.S. Primary Mortgage Servicer Satisfaction StudySM provides detailed information and insights on the performance of more than 30 of the largest servicers.
Your good performance with your new tenant loan will be noted by your tenant loan servicer either monthly or quarterly to the three major credit reporting bureaus (Equifax, Trans Union, and Experian).
Student loan servicers received quite a bit of heat earlier in the year for their performance and practices.
May 11, 2018 FSA recently announced that customer service performance results for each of the Department of Educations federal loan servicers for the quarters ending Sept. 30, 2017, and Dec. 31, 2017, are now available in the FSA Data Center.
The quarterly Servicer Assessments summarize performance and found that servicers are more effectively evaluating homeowners under program eligibility criteria.
Despite the higher costs, servicers remain focused on performance.
• Servicers are more effectively evaluating homeowners under program eligibility criteria as performance in the «second look disagree» category, which reflects the rate at which Treasury's program reviews disagree with the servicers» decision not to assist a homeowner, remains consistently below the established bServicers are more effectively evaluating homeowners under program eligibility criteria as performance in the «second look disagree» category, which reflects the rate at which Treasury's program reviews disagree with the servicers» decision not to assist a homeowner, remains consistently below the established bservicers» decision not to assist a homeowner, remains consistently below the established benchmark.
The Servicer Assessments summarize performance on metrics in three categories of program implementation: identifying and contacting homeowners; homeowner evaluation and assistance; and program reporting, management and governance.
Developing and implementing the Servicing Total Achievement and Rewards (STAR) program to evaluate and motivate servicers» performance in helping homeowners
The latest Servicer Assessments summarize performance on metrics in three categories of program implementation: identifying and contacting homeowners; homeowner evaluation and assistance; and program reporting, management and governance.
Understanding the special servicer involves researching the composition and historical performance of the securitization and the resolution strategies that the special servicer has employed in the past.
The special servicer will typically want to have a discussion with you about the property, its financial performance, the efforts that you have taken to exit the loan and other potential resolution strategies.
At other times, the compensatory fee reflects the impact of the servicer's performance deficiencies on Fannie Mae's cash flow.»
«A compensatory fee not only compensates Fannie Mae for damages but also emphasizes the importance placed on a particular aspect of the servicer's performance,» according to guidance for Fannie Mae from its regulator, the Federal Housing Finance Agency.
As part of a new program Freddie Mac is launching Aug. 1, mortgage servicers will be ranked on a monthly basis based on their strengths and weaknesses, which will help gauge their performance against competitors.