Boise Real Estate Blog » Reform Coming For Loan Servicing

Reform Coming For Loan Servicing

Posted By philhoov On January 25, 2012 @ 7:45 am In Inside Real Estate | No Comments

The loan servicing business has long needed some regulation and it appears to be on the horizon.

2012 will likely be the year that federal government requires standardization of mortgage loan servicing policies.

Look for more loan modifications and perhaps even some principal reductions as these policies are implemented.

But, don’t expect simple, easy-to-understand, logical, sensible solutions.

After all, these changes will be mandated by the federal government.

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URL to article: http://www.boiseblog.com/2012/01/reform-coming-for-loan-servicing

URLs in this post:

[1] DSNews.com article: http://www.dsnews.com/articles/dbrs-expects-year-of-reform-for-mortgage-servicing-2012-01-24

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