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Home » Store » State Regulation » State Regulators Propose Servicing Standards

State Regulators Propose Servicing Standards

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State Regulation

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Nonbank servicers would be subject to increased capital requirements and scrutiny under standards proposed last week by state regulators. Many parts of the proposal are similar to standards established by federal regulators, though there are some nuances for non-agency mortgages. “By relying upon existing standards and generally accepted business practices, we hope to minimize regulatory burden for small, less complex firms, while still incorporating a ...
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