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Concerns surface over FHA Servicer Scorecard

Concerns surface over FHA Servicer Scorecard

Servicers are feeling the heat of new regulations and compliance standards from both the state and federal level.

National Mortgage News details one of the servicing industries latest concerns: the fact that the Federal Housing Administration is implementing a servicer scorecard that will impact their business. 

The news agency writes:

The Federal Housing Administration is the process of implementing a new servicer scorecard and mortgage bankers are afraid it will be used to penalize servicers with high re-default rates.

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