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Home » Bureau Finds Mortgage Servicing Problems at Banks, Nonbanks
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Bureau Finds Mortgage Servicing Problems at Banks, Nonbanks

August 23, 2013
Additional mortgage servicing rulemaking and perhaps even enforcement actions from the CFPB might be inevitable, now that the bureau has issued a report detailing a number of mortgage servicing problems at banks and nonbanks. “Our examinations of banks and nonbanks allow us to correct problems before more consumers are affected,” said CFPB Director Richard Cordray. The bureau’s new report, issued last week, “highlights both the mortgage servicing problems throughout the industry and the challenges of making sure that nonbanks are...
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