Discussion Paper and Request for Comment on Alternative Mortgage Servicing Compensation

On September 27, the FHFA announced that the Joint Initiative on Mortgage Servicing Compensation is seeking comment on two alternative mortgage servicing compensation structures. One proposal would establish a reserve account within the current servicing compensation structure and the other would create a new “fee for service” compensation structure. Comments must be submitted within 90 days of the proposal. FHFA Release. Discussion Paper.