PROJECTThe Mortgage Servicing Collaborative


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  • May 2, Full collaborative meeting
  • June 14, Government programs work stream meeting
  • July 18, Data working group meeting
  • July 24, Collaborative advisory meeting
  • August 30, Data working group meeting
  • August 31, Full collaborative briefing
  • September 25, Loss mitigation and modification experience work stream meeting
  • October 19, Consumer advisors meetings
  • December 19, 2017, Full collaborative meeting
  • January 25, 2018, Monthly member briefing
  • February 22, 2018, Monthly member briefing
  • March 22, 2018, Monthly member briefing
  • April 10, Standards working group meeting
  • April 26, 2018, Monthly member briefing
  • May 24, 2018, Monthly member briefing
  • June 19, 2018 Full Collaborative Meeting
  • July 26, Monthly member briefing
  • August 23, Monthly member briefing
  • September 18, Work Stream 5 Meeting
  • September 27, Monthly member briefing
  • October 25, MSC Government Advisors meeting
  • November 1, Monthly member briefing
  • Workstream 5, non-performing loans meeting on November 27, 2018
  • Workstream 5, Servicing Compensation Meeting on November 30, 2018
  • Summary of December MSC Convening December 6, 2018
  • MSC News Coverage

  • September 25, Loss mitigation and modification experience work stream meeting

    At this meeting, approximately 22 MSC members spent two hours discussing ways in which we can better define a consistent and flexible – but simple – loss mitigation and loan modification structure across government agencies. Members agreed at the meeting that early, meaningful payment relief for borrowers in financial distress provides the best chance at successfully modifying the mortgage and bringing the borrower out of delinquency. With that framework in mind, MSC members discussed a range of potential options considering the impact on the customer, insurer/guarantors, investors and servicers. Several options were outlined, along with their key benefits and challenges, and what the result or solution would look like if the option were to be adopted.

    Next steps:

    1. MSC members to review options and provide feedback to Urban. 
    2. A follow up work stream meeting will be scheduled once feedback is received and compiled for review.        
    Research Areas Housing finance
    Policy Centers Housing Finance Policy Center