The Nickel and Dime Impact of Financial Reform on Mortgage Servicing

 "There are a whole lot of bankers who want to do right — and do right — by their customers…And unless your business model depends on cutting corners or bilking your customers, you've got nothing to fear from reform" — President Barack Obama, right before signing financial reform.

 The deal is done. Dodd-Frank is now law. Much is made of the coming impact on the new financial reform law will have on consumer protections, mortgage originations, Wall Street and the secondary markets, etc…but little mention has been made, so far, on the impact to the mortgage servicing industry.

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