SAFE Expense

Colter, Allison Bisbey; Hochstein, Marc
December 2009
American Banker;12/17/2009, Vol. 174 Issue 224, p5
Trade Publication
The article reports on a December 2009 announcement from the U.S. Department of Housing and Urban Development. In the announcement the agency indicated that it is inclined to subject loan servicing workers who call up borrowers about modifications to the same minimum requirements as retail loan officers. The agency is responsible for setting those requirements under the Secure and Fair Enforcement Mortgage licensing Act of 2008.


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