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Real Estate/Development

Mar. 29, 2013

Banks unload rights to service mortgages

United States banks are selling rights to service their mortgages in response to anticipated implementation of capital requirement changes coming out of the Basel Committee on Banking Supervision.


By Andrew McIntyre


Daily Journal Staff Writer


United States banks are increasingly selling rights to service mortgages in response to the anticipated implementation of new capital requirements coming out of the Basel Committee on Banking Supervision, which means a flurry of activity for lawyers who work on the transactions and advise lenders on issues arising from the deals. Basel III, the latest standard from the international group of banking authorit...

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