Regulators Seek New Rules for Mortgage Servicers
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U.S. housing regulators said they will seek to implement a new fee system and standards for mortgage-servicing companies by the summer of 2012.
The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to work with the Department of Housing and Urban Development to explore ways to improve mortgage servicing for home-loan borrowers, the agency said in a press release today.