In the Absence of Federal Guidance, ASF Offers Standards for Servicing Loan Mod Payments
July 9, 2010
The American Securitization Forum this week released “best practices” guidelines for servicers of non-agency MBS that restructure pooled loans under the Home Affordable Modification Program. The ASF guidelines mostly address how HAMP incentive payments should be handled, a subject on which the Treasury Department has said it specifically does not plan to provide guidance...