MBS servicing

 

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MBS servicing

The requirement that the mortgage servicer maintain payment of the full amount of contractually due principal and interest payments whether or not actually collected.



MBS servicing

Similar Matches

Mortgage servicing

Mortgage servicing

The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan.


Mortgage Servicing

Mortgage Servicing

Controlling the necessary duties of a mortgagee, such as collecting payments, releasing the lien upon payment in full, foreclosing if in default, and making sure the taxes are paid, insurance is in force, etc. Servicing may be done by the lender or a company acting for the lender, for a servicing fee.




 
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