Industry Asking Standards

Nemeroff, Evan
September 2011
Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p1
The article reports on the plan of the Senate Banking on Committee and Currency to develop bills that would establish national servicing standards in the U.S. The rules are intended to maintain a single point of contact with borrowers, prevent servicers from proceeding with foreclosure, and address conflicts of interest between loan providers and investors. Executive director Faith Schwartz of Hope Now alliance recognizes the importance of the regulations to ensure smooth flow in the sector.


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