ICBA said it largely supports a Conference of State Banking Supervisors proposal to establish regulatory standards for nonbank mortgage servicers. The CSBS proposal offers prudential-like standards that states could approve for supervising servicers.
ICBA backs state standards for nonbank mortgage servicers
January 05, 2021 / By ICBA
ICBA said it largely supports a Conference of State Banking Supervisors proposal to establish regulatory standards for nonbank mortgage servicers. The CSBS proposal offers prudential-like standards that states could approve for supervising servicers.
ICBA said it largely supports a Conference of State Banking Supervisors proposal to establish regulatory standards for nonbank mortgage servicers. The CSBS proposal offers prudential-like standards that states could approve for supervising servicers.
In a comment letter, ICBA said the proposal's emphasis on safety and soundness and uniform supervision—in alignment with the FHFA's seller-servicer requirements—are positive for the mortgage servicing system. It encouraged CSBS to finalize the standards as soon as possible.
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