Industry Groups Raise Concerns About Brewing International Capital Change Hit to Servicing
April 22, 2010
Mortgage industry groups are urging international banking regulators to step carefully before they implement proposed capital changes that could prompt a number of firms to dump their mortgage servicing rights. Under a December 2009 proposal issued by the Basel Committee on Banking Supervision, a revised definition of Tier 1 capital would no longer... [Includes one chart]