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Volume 2014 - Number 4

January 30, 2014

FHFA’s ‘Servicing Project’ Will Address Transfers, Escrows, and An Old Issue: MSR Compensation

The Federal Housing Finance Agency’s new “servicing project” will take a close look at how large-scale packages of mortgage-servicing rights are sold and transferred, but will also delve into what mortgage bankers thought was a dead issue: minimum servicing fees paid to processors. “You might say that FHFA is tackling the whole servicing arena in a big way,” said one mortgage consultant who has been briefed on the agency’s plans. The regulator’s sudden interest in transfers comes...

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