Industry Seeks Servicer Exemption From SAFE Act Requirements
July 20, 2009
Mortgage servicers do not “originate” loans when they engage in loan modifications and, thus, should be excluded from the registration requirements of the Safe and Fair Enforcement for Mortgage Licensing Act of 2008, according to industry groups. Mortgage participants expressed their concerns in comments to a proposed rule published by federal financial institutions regulators June 9 to...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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