Supervisory Insights - Special Foreclosure Edition 2011 - PDF
Article
Regulatory Actions Related to Foreclosure Activities by Large Servicers and Practical Implications for Community Banks
This Special Foreclosure Edition describes lessons learned from an interagency review of foreclosure practices at the 14 largest residential mortgage servicers and includes examples of effective mortgage servicing practices derived from these lessons.
Supervisory Insights
Supervisory Insights is published by the Division of Risk Management Supervision of the Federal Deposit Insurance Corporation to promote sound principles and best practices for bank supervision.
Sheila C. Bair
Chairman, FDIC
Sandra L. Thompson
Director, Division of Risk Management Supervision
Journal Executive Board
Division of Risk Management Supervision
George E. French, Deputy Director and Executive Editor
Christopher J. Spoth, Senior Deputy Director
Victor J. Valdez, Deputy Director
James C. Watkins, Deputy Director
Division of Depositor and Consumer Protection
Sylvia H. Plunkett, Senior Deputy Director
Jonathan N. Miller, Deputy Director
Robert W. Mooney, Deputy Director
Regional Directors
Thomas J. Dujenski, Atlanta Region
Kristie K. Elmquist, Acting Regional Director, Dallas Region
Daniel E. Frye, Acting Regional Director, New York
Region
Stan R. Ivie, San Francisco Region
James D. La Pierre, Kansas City Region
M. Anthony Lowe, Chicago Region
Journal Staff
Kim E. Lowry
Managing Editor
Estela R. Gauna
Financial Writer
Jane Coburn
Financial Writer
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The views expressed in Supervisory Insights are those of the authors and do not necessarily reflect official positions of the Federal Deposit Insurance Corporation. In particular, articles should not be construed as definitive regulatory or supervisory guidance. Some of the information used in the preparation of this publication was obtained from publicly available sources that are considered reliable. However, the use of this information does not constitute an endorsement of its accuracy by the Federal Deposit Insurance Corporation.