Mortgage Servicers Resist Compensation Changes

Mortgage servicers have one warning for the Federal Housing Finance Agency (FHFA) ? keep your hands off our compensation methods, you regulatory agency!
As part of a wide-ranging effort by the the FHFA and the Department of Housing and Urban Development (HUD) to improve how mortgage servicing functions for servicers and borrowers, the industry’s method of compensation had been floated as a possible source for reform.
But according to the 161 comments the FHFA received from servicers on the issue, very few are interested in any such change,�said Bryan Heft, a senior ...

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