The biggest obstacle to reforming mortgage servicing may be that regulators cannot agree on the proper vehicle for it.

The Office of the Comptroller of the Currency (OCC) raised the stakes this week with an outline for a stand-alone rule, continuing to challenge the Federal Deposit Insurance Corp.'s (FDIC) proposal to include servicing standards in a risk-retention rule now being devised. Meanwhile, the Federal Reserve Board, said to be open to either approach, has sent a draft of its servicing principles to Capitol Hill.

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