Mandatory Servicer Licensing Could Hinder HAMP Progress
August 17, 2009
The Department of Housing and Urban Development could effectively halt or slow down foreclosure prevention efforts under the Home Affordable Modification Program if it threatens to require state licensure of loan servicer employees engaged in loss mitigation, according to industry attorneys. The Obama administration’s goal to speed up the pace of loan modifications under...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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