Broeksmit: Servicers, Customers Need Consistent Standards

ORLANDO–Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said the mortgage servicing industry needs clear and definable standards to improve customer service and reduce costs. “Alignment of servicing standards …

FHFA Issues Final Rule on Uniform Mortgage-Backed Security

The Federal Housing Finance Agency yesterday issued a final rule that requires Fannie Mae and Freddie Mac to align programs, policies and practices that affect the cash flows of “To-Be-Announced”-eligible Mortgage-Backed Securities.