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Home » Store » Servicing » Benefits for Non-Agency Servicing with CFPB Rule

Benefits for Non-Agency Servicing with CFPB Rule

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Servicing

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A final rule issued by the Consumer Financial Protection Bureau regarding loss mitigation and other servicing practices will be positive for the servicing of non-agency mortgages, according to Moody’s Investors Service. The rating service said the rule will help standardize and improve servicing practices by increasing automation and clarifying ambiguities in the interpretation of regulatory requirements. Most of the provisions in the new rule will take effect in a year ...
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