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Home » Store » GSEs » FHFA, Fannie, Freddie Suggest ‘Especially Important’ Changes to CFPB’s Proposed Servicing Amendments

FHFA, Fannie, Freddie Suggest ‘Especially Important’ Changes to CFPB’s Proposed Servicing Amendments

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Fannie Mae, Freddie Mac and their government conservator are all calling on the Consumer Financial Protection Bureau to amend proposed changes to its mortgage servicing rule because certain provisions would inhibit similar servicing goals put forth by the Federal Housing Finance Agency. In a comment letter, the FHFA said its servicing alignment initiative has pushed for improved practices that are similar to the goals of the CFPB rule, but “several provisions in the recently proposed amendments would actually make those goals more difficult to achieve.” The four areas of the CFPB proposal that are especially important cover...
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