New CFPB rules may alter mortgage-servicer landscape

01/18/2013 | AmericanBanker.com (free registration)

New mortgage-servicing rules from the Consumer Financial Protection Bureau may prompt some servicers to leave the market or outsource the process, experts say. Chief financial officers "are looking very hard at cost per loan and that has gone up dramatically. This may encourage movement [of mortgage-servicing rights] between banks and non-bank servicers," said Jeff Hulett of KPMG.

View Full Article in:

AmericanBanker.com (free registration)

Published in Brief: