MBA Letter to FHFA on the Servicing Policy Development Process
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To improve the deployment of effective mortgage servicing policy to borrowers, the Mortgage Bankers Association (MBA) requests that FHFA and the Enterprises create a process for mortgage servicers to evaluate written drafts of proposed guidance for instances where the Enterprises seek alignment. Greater transparency in the policy development process allows stakeholders to provide insights into the practical application of proposed policy changes before new guidance becomes effective.
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