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""Moody's Investors Service"":http://www.moodys.com/ is seeking comment on its updated approach for assessing residential mortgage servicers.
[IMAGE]Moody's assesses servicers and their ability to prevent defaults and maximize recoveries through their collections, loss mitigation, foreclosure timeline management, and loan administration practices.
[COLUMN_BREAK]Moody's new approach will use additional data when evaluating servicer performance. The update will augment the current loan-level portfolio data that it uses with data from securitization trusts, which is available more quickly. When applicable, Moody's will also use Fannie Mae and Freddie Mac performance data. The new methodology would also include data on re-defaults for modified loans for performance analysis.
Those servicing prime loans, subprime loans, Alt-A loans, second-lien loans, high loan-to-value loans, and manufactured housing loans are all covered by the methodology.
The request for comment can be found by visiting ""Moody's online"":http://www.moodys.com/login.aspx?lang=en&cy=global&ReturnUrl=http%3a%2f%2fwww.moodys.com%2fresearchdocumentcontentpage.aspx%3fdocid%3dPBS_SF269181.
Moody's is requesting comments be sent through email by August 31, 2012 to [email protected].
