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Basel III mortgage servicing impact discussed during hearing on regulatory relief
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Banking, Legislation
Friday, July 18, 2014
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Community bankers say new Basel III capital rules could force smaller institutions to sell their mortgage servicing rights to nonbanks. During a recent U.S. House Financial Institutions and Consumer Credit Subcommittee hearing, bankers urged lawmakers to back legislation that would require regulators to study appropriate capital requirements for mortgage servicing assets held by community institutions. Read on to learn about the measure and other burden-reduction bills discussed during the hearing.
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