The first real test of the $25 billion mortgage settlement comes Tuesday, when the nation's largest servicers must reveal their progress.

That's the deadline for the five companies — Ally, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo — to certify that they are complying with 304 servicing standards, everything from loss-mitigation practices to adequate training to proper communication with customers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.