Mortgage Servicers Fret Over Interest Rate Hike, New Capital Rules
National Mortgage News, Oct. 19, 2015–Collins, Brian
Mortgage Servicers are concerned about capital requirements and compliance costs that are putting the squeeze on profits and particularly small servicers. “That will absorb a lot of capital that won’t be available to support new servicing assets,” said David Stevens, president and chief executive of the Mortgage Bankers Association.
