MSR industry calls time on overzealous regulation

Ben Lawsky
By Ryan Bolger
16 Mar 2015

Regulators should loosen their scrutiny of special mortgage servicing companies, like Ocwen Financial and Nationstar mortgage, to avoid a capacity crunch in the sector, said industry heads on Monday.

The mortgage servicing rights (MSR) market is suffering from a lack of capacity, said panellists at the Investors’ Conference on Equipment Finance in New York, because banks do not want MSRs due to their negative capital treatment under Basel III and non-banks are being burdened with investigations over ...

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