Highlights:
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"Regulatory Actions Related to Foreclosure Activities by Large Servicers and Practical Implications for Community Banks" describes the findings of the recently issued Interagency Review of Foreclosure Policies and Practices and provides practical examples of best practices derived from the lessons learned. These best practices will be helpful to any residential mortgage servicer in reviewing its practices and policies to ensure legal and reputation risk are minimized.
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Requests for permission to reprint this article should be e-mailed to supervisoryjournal@fdic.gov. Requests for print copies should be e-mailed to publicinfo@fdic.gov.
Distribution:
FDIC-Supervised Institutions
Suggested Routing:
Chief Executive Officer
Compliance Officer
Related Topics:
Real Estate Lending Policies
Managing Third-Party Risk
Loss Mitigation Strategies
Servicemembers Civil Relief Act
Contact:
Kim E. Lowry, Managing Editor, at
klowry@fdic.gov or 202-898-6635
Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2011/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).
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