It’s official: Original NMS servicers pass final metric tests

BofA, Chase, Citi, Wells Fargo, Ditech now done

The original National Mortgage Settlement servicers officially completed the final metric tests as of the end of third quarter ] 2015, marking the completion of the NMS rules for the servicers, Joseph Smith, Monitor of the National Mortgage Settlement, announced on Thursday.

The original servicers include: Bank of America, Chase, Citi and Wells Fargo.Ditech acquired a portion of the portfolio from another original servicer, ResCapParties and therefore was subject to the terms of the NMS agreement.

Read on.

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