the Consumer Financial Services Group
The Bureau of Consumer Financial Protection (CFPB) has
moved forward on its plan to make mortgage servicing a priority by issuing written procedures for the agency's examinations of
mortgage servicers. Although part of the CFPB's more comprehensive Supervision...
by Donald C. Lampe , Jeffrey E. Jamison ,
and Michael B.
On Dec. 17, the Consumer Financial Protection Bureau (CFPB) issued the expected mortgage servicing final
rules. At over 1,000 pages, the final rules will amend the Truth in
Lending Act (Regulation Z) and the Real Estate Settlement...
by Jeffrey E. Jamison
The CFPB released its summer 2013 “Supervisory Highlights” Report highlighting numerous mortgage servicing and compliance issues affecting both banks and non-banks. The 25-page Report, which is based on the CFPB’s supervisory activity from November 2012 to June...
by Karen L. Courtheoux
Mortgage servicers and subservicers should consider reviewing the August 19, 2014 bulletin from the Consumer Financial Protection Bureau (CFPB) on mortgage servicing transfers to ensure compliance with the most up-to-date guidance. This bulletin replaces the February 2013...