Are Mortgage MSA’s on the way to extinction?

Wells Fargo and Prospect have announced that they are exiting all MSA agreements.  The CFPB has levied major fines to mortgage companies for MSA activity with little guidance to go with the financial fines.

Mortgage companies have to see this as a strong indicator that the risk is getting to high to continue participating in these type of agreements.

For more information see the recent article at

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