FHA Seeks Statutory Authority to Transfer Servicing

When a servicer has a high re-default rate on modified loans, Federal Housing Administration should be able to transfer the servicing to a better servicer, according to FHA commissioner Carol Galante.

Article source: http://www.nationalmortgagenews.com/dailybriefing/fha-seeks-statutory-authority-to-transfer-servicing-1036877-1.html

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