HSBC has fulfilled its obligation under the National Mortgage Settlement and will no longer be monitored for compliance.
The bank did not fail any of the 34 metrics during the third and fourth quarters of 2016, said Joseph A. Smith Jr. in a report to the U.S. District Court for the District of Columbia.
This report covers the February 2016
HSBC had previously completed its
"HSBC has completed its obligations to the NMS," Smith said in a press release. "The servicer will continue to remain accountable to servicing-related rules issued and enforced by the Consumer Financial Protection Bureau."
In January, HSBC