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Home » Store » News » Nonbank Servicers Oppose State Plan to Set Capital Requirements, Standards

Nonbank Servicers Oppose State Plan to Set Capital Requirements, Standards

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Mortgage industry groups say a proposal from the Conference of State Bank Supervisors to establish capital requirements and other standards for nonbank servicers is unnecessary for an industry that’s already heavily regulated. State regulators proposed the standards in March due to concerns about exceptional growth in recent years by Ocwen Financial, Nationstar Mortgage and other nonbanks ...
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