Fall Regulatory Summit

Internal Use Only

Prudential Standards for Nonbank Mortgage Servicers • Covers all nonbank mortgage companies servicing or sub-servicing 2,000 or more 1-4 residential forward or reverse mortgage loans and operating in 2 or more states (excludes whole loans owned or being interim-serviced) • Two Primary Sections: • Financial Condition (Capital and liquidity aligned with GSEs/FHFA) • Corporate Governance (Board of Directors; internal and external audits; risk management program) • Tool: Mortgage Scheduling Assistant in MCR Analytics

Internal Use Only

Model Data Security (Nonbank Cyber) Law Adoption Status – 8/1/2023

Strategy 2, Measure 4 Model Data Security Law • 2 states by 12/31/2023 • 10 states by 12/31/2024 • 20 states by 12/31/2025

Enacted

5 1 0 2

Enacted Partial 2023 In Progress 2024 In Progress

Other

43

Action Owner: Mike Bray (mbray@csbs.org)

Member Sponsor: N/A