ProCouncil™ Advisory
A Limited Liability Division
Litigation, Risk & Default Servicing Mitigation Products, Solutions and Services

BEST PRACTICES UPDATES & LIST

In The News - August 2008:

PERSONS OF THE WEEK LEROY & RYDSTROM AUGUST 2008 RE BEST PRACTICES

JULY 28, 2008 COVERED BONDS NEW BEST PRACTICES GUIDELINES BY TREASURY, FDIC (and Regulators) & TOP 4 BANKS

Treasury_Best_Practices_for_Residential_Covered_Bonds
Covered Bond Joint_PressRelease
TREASURY best practices covered bond FACT_SHEET
TREASURY_bestpractices_PR_Covered_Bonds_28JUL08

STANDARD & POOR’S - July 14, 2008 - In A Troubled Market, Mortgage Servicers Must Have Solid Practices To Resolve Problem Loans. Click Here for AFN July 2008 Conference Keynote Speech Discussion and Panel Discussion of New Best Practices.

NACTT - June 12, 2008. The NACTT (Trustees, Servicers, etc.) has adopted new bk servicing escrow administration best practices. Click Here for Panel Discussion at the Coalition for Mortgage Industry Solutions, in DC on June 17, 2008, Moderated by William Leroy, CEO, AFN.

HOPE NOW - June 17, 2008. Hope Now June 17, 2008 New Servicer Guidelines

ASF - American Securitization Forum: Recommended Definitions and Investor Reporting Standards for Modifications of Securitized Residential Mortgage Loans
December, 2007 (American Securitization Forum Streamlined Foreclosure and Loss Avoidance Framework for Securitized Subprime Adjustable Rate Mortgage Loans Executive Summary December 6, 2007)

OFHEO - OFHEO’s FINAL RULE FOR LOSS SEVERITY CALCULATIONS UNDER RISK-BASED CAPITAL REGULATION

TREASURY - IRS Rev. Proc. 2008-28 - July 15, 2008, Public Comment Filed by Richard Ivar Rydstrom re Rev Proc 2008-28