Servicers to Face New State Laws, Calls for Moratoria

Dymi, Amilda
September 2011
Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p11
The article reports on the increasing number of regulations faced by the mortgage industry in handling foreclosure activities in the U.S. Several states in the country are proposing and passing new laws that regulate foreclosures, adding the challenges faced by mortgage servicers as they try to comply with the Dodd-Frank Act. Corporate counsel Michelle Mierzwa of Cal-Wester Reconveyance Corp. admits that state legislation is one of the hurdles that services deal in getting foreclosures done.


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