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Home » Store » News » NY Banking Regulators Toughen Oversight of Mortgage Servicers

NY Banking Regulators Toughen Oversight of Mortgage Servicers

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New York banking regulators have stepped up supervision of mortgage loan servicers by issuing draft rules that would impose substantive restrictions on servicers, including those currently exempt from servicer registration requirements. Announced on Dec. 15, the draft rules contain many onerous provisions that could cause problems for New York servicers, warned compliance experts...
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