FHFA Proposal for Seller Servicer Requirements is Mixed Bag

HousingWire, Feb. 28, 2022–Georgia Kromrei
“The industry is still gauging what impact the requirements would have. But many stakeholders take the proposal as a sign that FHFA is receptive to industry feedback. Bob Broeksmit, president of the Mortgage Bankers Association, said that he was pleased that FHFA took industry comments into consideration when drafting the proposal. “This is a critically important framework to get right given the vital role independent mortgage banks play in serving the needs of LMI and minority borrowers,” he said.