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Fed’s Raskin: No improvement in Mortgage Servicer operational performance

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Fed’s Raskin: No improvement in Mortgage Servicer operational performance

From Fed Governor Sarah Bloom Raskin: Putting the Low Road Behind Us. Excerpt: Late last year, the federal banking agencies began a targeted review of loan servicing practices at large financial institutions that had significant market concentrations in mortgage servicing. The preliminary results from this review indicate that widespread weaknesses exist in the servicing...
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