As federal agencies work on creating a new servicing fee structure, the Mortgage Bankers Association (MBA) is recommending they consider a reserve account that would be used to pay the higher costs of servicing delinquent loans. 

Under MBA's reserve account proposal, the new servicing fee would be 20 to 25 basis points. An additional five basis points would be collected from the homeowner's payments and set aside in a trust account.

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