Fannie Mae has released the third-quarter results of its Servicer Total Achievement Rewards (STAR) Program, which grades servicers on foreclosure prevention performance. The GSE says three companies – JPMorgan Chase, PHH Mortgage, and U.S. Bank – demonstrated improvements in scorecard metrics measuring the volume of foreclosure alternatives provided to borrowers. All three raised their scores to a 3-STAR rating, which means they are at or above the median performance level.
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