Volume 27 - Number 10
March 11, 2010
Industry Groups Accuse HUD of Overstepping SAFE Act Authority in Proposing Licensure for Loan Mod Specialists
The Department of Housing and Urban Development is exceeding its authority under the Secure and Fair Enforcement for Mortgage Licensing Act by proposing to require the states to mandate the licensing or registration of mortgage servicer employees who perform loan modification, according to industry trade groups. The American Bankers Association, Mortgage Bankers Association and the...
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