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.
Mortgage Servicing Compensation
FHFA Information on Mortgage Servicing Compensation Initiative
On February 15, the FHFA established a web link to post information for a joint initiative to consider alternatives for a new mortgage servicing compensation structure. FHFA Release. Servicing Initiative. FHFA Web Link.