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Bloomberg News
WARNING TO SERVICERS: "Expect us to expand our investigation into ancillary services in the coming weeks and months," Lawsky says.

Lawsky to Expand Servicing Probe, Streamline Mortgage Licensing

New York regulator Benjamin Lawksy plans to expand an investigation into the affiliated businesses of nonbank servicers and to eliminate several layers of review for mortgage bankers to apply for a license or a new branch location.

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