Uncertainty Abounds as to Extent, Applicability Of National Servicing Standards, Post-Agreements
April 21, 2011
The consent decrees that federal regulators reached last week with 14 top mortgage servicers are a preview of the national servicing standards that bank regulators are developing for all lenders, but it’s unclear if the new standards will be applied to non-bank servicers, and upon what legal authority. Organization structure, staffing and technology will be...