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Home » News » CFPB ‘Follows Script’ on Servicing Proposal
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CFPB ‘Follows Script’ on Servicing Proposal

August 20, 2012
The Consumer Financial Protection Bureau has come out with an extensive set of proposed rules addressing numerous mortgage servicing issues in the form of two related notices designed to protect homeowners from surprises and costly mistakes by their mortgage servicers. The first proposal aims to give borrowers clear and timely information about their mortgages so they can avoid costly surprises, and would bring greater transparency to the market, according to the bureau. The proposed rule would try to do this...
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