| And now there are actual financial incentives for servicers of loans to do more modifications. |
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| But in today's troubled housing market widespread foreclosures will only maximize losses for servicers. |
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| In case of bankruptcy of the originator, there are no alternative servicers available easily. |
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| Most of these pooling and servicing agreements give wide flexibility to servicers to modify loans. |
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| Meanwhile, in January 1999, FDA rescinded its compliance policy guide that had regulated third-party servicers of medical devices. |
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| And we took the important step of releasing the details of our loan modification plan and Treasury guidelines for servicers. |
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| On top of the legal risks, reworking loans can be costly for master servicers. |
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| Surveillance also includes due diligence by the agency, notably with respect to asset managers and servicers. |
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| Starting in April, mortgage servicers began signing up for the program. |
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| They felt that large lenders and servicers were just tapping into an existing marketing infrastructure rather than develop one of their own. |
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| To date, servicers have been reluctant to amend loans, saying they could be sued by loan investors who might be disadvantaged by the modification. |
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| The surging volumes of loans at risk of foreclosure and in need of review are overwhelming the capacity of many loan servicers. |
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| Overall, holding a stake in the deal appears to be an important device to realign incentives between servicers and investors. |
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| I'm arguing the banks as loan servicers have monumentally messed up. |
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| The Financial Products portfolio will be subject to more active management, in relation to servicers and originators. |
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| And servicers worry about possible lawsuits from investors. |
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| In its capacity as the trustee for mortgage loans serviced by others, it says it expects those servicers to abide by all required laws, processes and procedures. |
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| Generally, loan servicers, on behalf of lenders in CMBS pools, have been giving extensions to borrowers where there is no other default, other than the fact that the loan came due, and could not be refinanced elsewhere. |
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| During 2010, a high percentage of delinquent loans, in particular subprime loans, have been restructured by the servicers, and this has contributed to improve the default rate on such assets. |
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| In addition, the Homeowner Affordability and Stability Plan presents servicers with new policies and procedures, resulting in operational, technical and process challenges. |
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| Shortage pressures are also expected to continue for oil and gas well drillers, servicers, testers and related workers due to the large tar sands development projects in Alberta. |
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| Treasury announced its plans to help homeowners lower payments on their second mortgages, helping them avoid foreclosures while also incentivizing loan servicers. |
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