FHFA Tackles Tough Seller-Servicer Criteria

After two tries in 2015 and 2020 to set non-depository seller-servicer eligibility requirements, FHFA today tried again.  These standards are not rules and do not govern servicers other than those doing business with Fannie and Freddie, but they nonetheless spell life or death to servicers without a portfolio or FHA- or PLS-only business model.