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Volume 21 - Number 5

March 8, 2010

Industry Nixes Licensing of Mod Specialists

Requiring mortgage servicers and loss mitigation specialists to be licensed as if they were loan originators would be counterproductive and likely impair foreclosure prevention efforts, according to industry trade groups and state regulators. Groups responded with a resounding “no” to a proposal by the Department of Housing and Urban Development in December to require the licensing of...

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