Tag: servicing fees

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How the Global Foreclosure Settlement Agreement Impacts Servicing Fees

How the Global Foreclosure Settlement Agreement Impacts Servicing Fees

By: Nanci L. Weissgold, Morey E. Barnes Yost

As scrutiny of default servicing practices provided significant impetus for the recently announced global foreclosure settlement agreement (the “Agreement”), it is no surprise that the Agreement prescribes extensive standards to resolve issues with these practices. Based upon the Servicing Standards announced as part of the Agreement, one major area of focus will be the fees that mortgage loan servicers charge in connection with servicing loans. Read More

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