DC Judge: Mortgage Servicing Settlement does not require absolute perfection

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In the Monday order, the judge said New York’s allegations covered less than .022 percent of New York loans serviced by Wells Fargo, and that a monitor appointed to oversee the settlement could address those issues. The settlement "does not require absolute perfection in loan servicing," Collyer wrote.

Judge rules for Wells Fargo in NY challenge over mortgage settlement. Schneiderman accused Wells Fargo of failing to comply with several mortgage servicing standards as prescribed by the.

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By Aruna Viswanatha and Karen Freifeld WASHINGTON/NEW YORK (Reuters) – A U.S. judge on Monday rejected allegations by the New York state attorney general that Wells Fargo was violating the billion mortgage settlement that federal and state authorities reached with five banks in 2012. U.S. District

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[Correction: An earlier headline referred to a "NY Judge." Judge Collyer is actually based in Washington D.C. and the headline is now corrected.] U.S. District Judge Rosemary Collyer slapped down.

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