Volume 2014 - Number 45
November 26, 2014
Mortgage Industry Braces for Nonbank Capital ‘Standards’ From State Regulators; How Binding Will They Be?
Nonbank mortgage servicers are bracing for an onslaught of new capital recommendations from the Conference of State Bank Supervisors, which could see the light of day in early 2015. But the industry did receive one piece of good news: although the CSBS is working on what it calls “options for prudential standards,” the organization will not be addressing capital for nonbank originators, a CSBS official told Inside Mortgage Finance. The group is...
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