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MBA Requests HUD to Revise Servicing Penalty Structure 

Nov 03, 2010By

The Mortgage Bankers Association (MBA) is requesting that the Department of Housing and Urban Development revise the penalty structure for servicers who fail to initiate foreclosure by the agency prescribed deadline. Over the years, HUD has placed servicers under increased performance pressure by reducing the timeframe to initiate foreclosure from 12 months to 6 months […]