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CFPB Updates Mortgage Servicing Examination Procedures

Monday, Jan 23 2023
Lending
Written by  The Mortgage Leader

The Consumer Financial Protection Bureau has released updates to its mortgage servicing examination procedures. So reports Consumer Financial Services Law Monitor.

CFPBAccording to the blog, the most important change concerns how examiners conduct a disparate impact analysis in loss mitigation program reviews.

Among other updates are streamlined loss mitigation options that would extend the COVID-19 flexibilities in the CFPB’s mortgage servicing rules.

Read the full article from Consumer Financial Services Law Monitor.

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