The new Consumer Financial Protection Bureau (CFPB) mortgage servicing requirements set to come into effect on Friday will likely have a bigger cost impact on smaller servicers, according to a Fitch Ratings report.

The new provisions will increase the costs of servicing because they require more recordkeeping and infrastructure improvements.  According to Fitch, “the cost of compliance with the new guidelines has likely raised the minimum number of loans that a company has to service in order to remain profitable.” 

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