The debate over where and how regulators should establish national servicing standards came to a head on Wednesday, with Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair pushing to include them in a pending risk retention proposal, while Acting Comptroller of the Currency (OCC) John Walsh warned such a move would be inappropriate.

Both agencies also gave clues to how they would write such standards, a further indication that the agencies — one way or another — will establish national servicing rules.

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