June 20, 2014
What We’re Hearing: Will New York State Ever Charge Ocwen? / Which Firm is Servicing Ben Lawsky’s Mortgage? / FHFA May Set Capital Minimums for Nonbank Servicers / Redwood Trust Gets Membership in An FHLB
Sources tell IMFnews that the Federal Housing Finance Agency is looking into the matter and is promoting the idea of capital minimums for nonbanks that do business with Fannie Mae and Freddie Mac.
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