Banking Agencies’ Plan to Update Existing Risk-Based Capital Rules Widely Supported by Mortgage Industry
January 26, 2006
Mortgage industry groups are divided over the treatment of piggyback seconds and alternative mortgages under new risk-based capital rules being devised by federal regulators to level the playing field between the few jumbo-sized financial institutions that are expected to adopt new international capital standards and the vast majority of banks and thrifts that are not. …
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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