HUD Issues New Tier 1 List for Loss Mit Incentives
February 25, 2011
The Department of Housing and Urban Development recently announced the FHA servicing lenders’ Tier 1 Ranking Scores for Round 42. Servicers ranked in the top tier are eligible for additional incentives for certain loss mitigation activities. The TRS measures only a lender’s engagement of loss mitigation in comparison to the number of foreclosure claims submitted...