Richard Cordray was not forthcoming with praise for the mortgage servicing industry during a speech on Tuesday, but instead spent most of his time highlighting work the CFPB has done to revive the mortgage industry.
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And the Clock Starts Now: CFPB Servicing Rules Published
Servicers, listen up: All provisions of the CFPB’s mortgage servicing final rule and interpretive rule will be published in the Federal Register on October 19th, most becoming effective 12 months after the date of publication.
Read More »Counsel’s Corner: When Borrowers’ Rights and CFPB Collide
Michelle Mierzwa, Partner in the Compliance Division with Wright, Finlay & Zak, discusses enhancements to California's Homeowner Bill of Rights and how they relate to the CFPB's servicing rules.
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