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HPC urges regulators to align nonbank servicer standards

The Housing Policy Council has weighed in on the Conference of State Bank Supervisors’ new proposed standards for nonbank mortgage servicers. In its comments, HPC suggests that regulators need to align on the regulations in order to avoid disruption.

In October, CSBS made a controversial move to issue a final rule with proposed prudential standards for nonbank mortgage servicers – standards that, if enacted, have some stakeholders, like the Urban Institute, worried.

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship and more.

And now HPC, headed by former Federal Housing Finance Agency President Edward DeMarco, is adding its voice to the details ⇒

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