Mortgage Servicing Issues and Regulatory Considerations

Mortgage servicers should prepare for the CFPB’s forthcoming final rule, expected in July 2025, which aims to streamline compliance and strengthen borrower protections. The final rule is expected to cover compliance requirements including disclosure standards, timely error resolution, and enhanced protections for borrowers in default. In advance of the final ruling, review this practice note providing compliance requirements and mortgage servicing issues that may arise under the Truth-in-Lending Act and the Real Estate Settlement Procedures Act.

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