Servicer Event of Default – Now Nationstar plus some more Ocwen
We have also included a spreadsheet of all deals with a Servicer Event of Default with links to the actual notices.
How does Wells Fargo interpret a Non-Vote?
Does the PSA give Wells Fargo the power to consider a non-vote to mean a vote not to terminate the Servicer? It appears Wells Fargo believes that to be true, but only recently has Wells Fargo properly notified Certificateholders of that interpretation. The wording of the notices has changed over time from silent to redundant to clearly stated as a vote not to terminate.
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