CFPB warns mortgage servicers to protect homeowners

02/11/2013 | Housing Wire

The Consumer Financial Protection Bureau is putting mortgage servicers on notice that even though they may be processing a large number of loan transfers, they must keep track of homeowners' paperwork and mitigation plans. The agency says servicers must ensure that consumers are allowed to avoid unnecessary foreclosures, adding that it will be monitoring servicers for rule compliance.

View Full Article in:

Housing Wire

Published in Briefs: