Topic
Mortgage Servicing Rules
10 published works
Consumer Finance Monitor
This week’s podcast episode: CFPB’s Proposed Mortgage Servicing Rule Amendments: Understanding the Impact on Loss Mitigation, Foreclosure, and Language Access
This summer, the CFPB issued its long-awaited proposed rule amending the mortgage servicing rules under Regulation X, with a focus on loss mitigation procedures, foreclosure protections, and language access. These…
Consumer Finance and Fintech Blog
CFPB Proposes Revamped RESPA Mortgage Servicing Rules
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On July 10, the CFPB announced proposed rules for mortgage servicers, aimed at helping homeowners avoid foreclosures. The new rules, which would modify RESPA and Regulation X’s existing mortgage servicing…
Consumer Finance Monitor
New York Issues Final Mortgage Servicing Regulations
On December 18, 2019, the New York Department of Financial Services (DFS) issued its Final Regulations detailing the business conduct rules for mortgage loan servicers. Originally proposed on April 12,…
Consumer Finance Monitor
CFPB issues policy guidance and technical corrections for mortgage servicing rule amendments
The CFPB recently issued two updates for its Mortgage Servicing Rule amendments to Regulations X and Z. Issued on August 4, 2016, the Mortgage Servicing Final Rule amended various aspects…
Financial Services Perspectives
CFPB’s New Servicing Requirements for Borrowers in Bankruptcy Likely to Cause Operational Challenges – Attend Part 3 of Our Webinar Series to Learn More
By Alexandra Dugan, Jonathan R. Kolodziej
The CFPB’s recent amendments to the mortgage servicing rules in Regulations X and Z will soon force servicers to significantly change the way they currently do business. Without limitation, the…
Financial Services Perspectives
Webinar on CFPB’s Amendments to Mortgage Servicing Rules Scheduled for Thursday, August 11
By Jonathan R. Kolodziej, Jason R. Bushby
Join us this Thursday, August 11, from 11:30 AM – 1:00 PM CST for the first webinar in our “CFPB Mortgage Servicing Amendments” series. Last week, the CFPB released its…
MoFo ReEnforcement: The Enforcement Blog
CFPB Reopens Comment Period on Proposed Amendments to Servicing Rules
On April 21, 2016, the CFPB reopened the comment period on a narrow portion of its December 15, 2014 notice of proposed rulemaking (the “NPR”), which would amend the mortgage…
Bank Law Monitor
CFPB Proposes Additional Restrictions for Mortgage Servicers
By Faye Ricci
On November 20, 2014, the CFPB proposed several amendments to the mortgage servicing rules under Regulation X and Regulation Z, after previously implementing amendments to these regulations in January, 2014. …
Consumer Finance Monitor
CFPB rules: Enforcement may be heating up as the industry awaits formal guidance
The American Association of Residential Mortgage Regulators (AARMR), the trade association for regulators responsible for supervising non-depository mortgage companies, held its annual conference last week in Denver. Not surprisingly, the…
Consumer Finance Monitor
SBREFA review process update
The CFPB has now convened a second Small Business Regulatory Enforcement Fairness Act (SBREFA) panel. The second panel was asked to provide input on the mortgage servicing rules proposal that…