(1)  A mortgage servicer licensee shall compile and submit a report to the department 45 days after the end of each quarter containing the information in (3) for the preceding quarter.  The quarter end dates are March 31, June 30, September 30, and December 31.  The Quarterly Statement for Mortgage Servicing Activity, which is adopted by reference, is available on the department's web site at www.banking.mt.gov.

(2)  The mortgage servicer report must contain the following information:

(a)  the number of Montana mortgage loans the servicer is servicing;

(b)  the type of loans (such as Federal Housing Administration guaranteed or private label) and characteristics of the loans in this state (fixed, variable, home equity lines of credit [HELOCs], reverse mortgages, high-cost loans, higher-priced loans, option-adjustable-rate mortgages [ARMs], and negative-amortization loans);

(c)  the number of mortgage loans the servicer is servicing that are in payment default and a breakdown of these mortgage loans by length of payment delinquency, including 30-day, 60-day, 90-day, and longer delinquencies;

(d)  for each loan in (3)(c), the unique identifier of the mortgage loan originator and the broker who originated the loan;

(e)  information on loss-mitigation activities undertaken including, but not limited to, the following:

(i)  the number of workout arrangements entered into by the servicer in connection with mortgage loans;

(ii)  a description of the types of workout arrangements, including mortgage loan modifications, and the percentage of each type of workout arrangement entered into;

(iii)  the ratio of loan modifications requested by the borrower to the actual number granted by the mortgage servicer; and

(iv)  the proactive steps taken by the mortgage servicer to identify borrowers at a heightened risk of default, such as those with impending interest rate resets, including, but not limited to, contacts with borrowers to assess their ability to repay their mortgage loan obligations; and

(f)  the number of foreclosure actions commenced in this state in connection with mortgage loans the mortgage servicer is servicing and where the loan is in the foreclosure process.