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CSBS Proposes Prudential Standards for Servicers

December 2, 2020 By Nanci Weissgold and David McGee

A&B Abstract: The Conference of State Bank Supervisors (“CSBS”) proposed regulatory prudential standards (the “Standards”) to develop a consistent regulatory structure of nonbank mortgage servicers.  Comments on all aspects of the Standards are encouraged by December 31, 2020. Background: Since the financial crisis, the rapid growth of mortgage bank mortgage servicers has led regulators to […]

Filed Under: Mortgage Loans, Mortgage Servicing Tagged With: CSBS

CSBS’s State Examination System Coming Soon

September 26, 2019 By Nanci Weissgold

A&B ABstract The Conference of State Bank Supervisors (CSBS) revolutionized state licensing with the National Mortgage Licensing System (NMLS) by providing a more uniform approach to state licensing of non-bank financial services companies.  CSBS will bring a similar transformation to supervising such companies. The New State Examination System CSBS designed the State Examination System (SES) […]

Filed Under: Licensing, Mortgage Loans, State Law Tagged With: CSBS

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