Servicers are feeling the heat of new regulations and compliance standards from both the state and federal level.

National Mortgage News details one of the servicing industries latest concerns: the fact that the Federal Housing Administration is implementing a servicer scorecard that will impact their business.

The news agency writes:

The Federal Housing Administration is the process of implementing a new servicer scorecard and mortgage bankers are afraid it will be used to penalize servicers with high re-default rates.