Options for Regulatory Prudential Standards for Non-Bank Servicers
After engagement with industry participants, state and federal regulators, and other stakeholders, CSBS has evaluated establishing a set of prudential regulatory standards that would apply to non-bank mortgage servicing companies. Given their licensing and credentialing authority over non-bank mortgage servicers, state regulators play a central role and have a responsibility to ensure these entities conduct their servicing operations in a safe and sound manner and have strong consumer protections in place.
The proposed regulatory prudential standards for non-bank mortgage services is available here.
The questions for public comment are available here.
Public comments on establishing a set of prudential regulatory standards that would apply to non-bank mortgage servicing companies are due June 23, 2015.
For questions, please email NBMS@csbs.org.