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Home » Store » News » Industry Seeks Servicer Exemption From SAFE Act Requirements

Industry Seeks Servicer Exemption From SAFE Act Requirements

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Mortgage servicers do not “originate” loans when they engage in loan modifications and, thus, should be excluded from the registration requirements of the Safe and Fair Enforcement for Mortgage Licensing Act of 2008, according to industry groups. Mortgage participants expressed their concerns in comments to a proposed rule published by federal financial institutions regulators June 9 to...
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