CFPB Servicing Rules Having Intended Effect on Foreclosures. The data and analytics division of Black Knight Financial Services recently examined the impact of the implementation of the CFPB’s new mortgage servicing rules in January and observed a sharp shift in the timing of foreclosure starts. “As the CFPB rules dictate that foreclosure cannot begin until after 120 days of delinquency, the data showed foreclosure starts at the 90-day mark have all but ceased, while four-month delinquency starts have risen over 100 percent since December,” the firm said. At the same time, foreclosure sales hit the lowest levels since 2007. “With fewer loans in the foreclosure process, these numbers will continue to decline, but the result has been an increase in...