Industry | 2012.08.14
Fitch: CFPB Rules Could Standardize and Consolidate US Servicers
NEW YORK--(BUSINESS WIRE)--Fitch believes the rules proposed by the Consumer Financial Protection Bureau (CFPB) concerning RMBS servicers, if implemented, would set consistent standards for all U.S. residential mortgage servicers, including smaller nonbank entities that have thus far avoided the mandated changes. However, similar to other servicing focused initiatives, the CFPB rules will further increase compliance costs for the industry and potentially drive further consolidation within mid to
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