CFPB Senior Advisor John Czwartacki said: “The bureau’s statutory mandate includes the supervision and enforcement of fair lending laws and regulations … the bureau will continue to perform those functions.”
A robust market in mortgage servicing rights reinforced ongoing trends shaping the home-loan servicing business in 2017, a new Inside Mortgage Finance ranking and analysis reveals.
The mortgage servicing rules promulgated by the Consumer Financial Protection Bureau continue to be a source of headaches for many in the industry, particularly in the context of bankruptcy proceedings. Late last week, the Consumer Mortgage Coalition wrote CFPB Acting Director Mick Mulvaney, detailing three of its primary concerns in this regard.