Recent changes to the
regulatory treatment of mortgage servicing rights ("MSR"s) for
financial institutions subject to Basel III, together with political and
prosecutorial pressures, have resulted in a substantial increase in incentives
for financial institutions to transfer their...
by Barbara S. Mishkin
The CFPB has issued its September 2015 complaint report, the third in its new series of monthly complaint reports. The new report spotlights mortgage complaints and complaints from consumers in the Denver, Colorado metro area.
General findings include the following: