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Loan Modification

: Mortgage Lender Implode-o-Meter

Risk Managers Warn on Proposed Leverage Ratio, Mortgage Servicing Rules

By Implode-Explode Heavy Industries

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"The US-based Risk Management Association (RMA), a trade group that pushes sound practices in financials, said that recent proposed rules from the Basel Committee on Banking Supervision ? that are designed to strengthen banks ability to operate smoothly ? may in fact have the opposite effect once in practice. Furthermore, defining the wording around mortgage servicing rights practices under the new requirements remains unclear."

Full post as published by Mortgage Lender Implode-o-Meter on April 20, 2010 (boomark / email).

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