With the first test of the $25 billion settlement coming up next week, monitor Joe Smith predicts that principal reductions will increase over the next few months and details how he will ensure firms are properly following through.
Servicers Will Meet 'Each and Every' Standard in $25B Settlement, Smith Says
- Full access to banking's most comprehensive daily report
- Daily, weekly, and topic-based newsletters and alerts
- Award-winning analysis and insight, focused on bankers' key concerns
- Bimonthly industry research reports
- Morning Scan Plus (Premium e-newsletter)
- American Banker mobile app