CFPB Issues Last-Minute Changes to Mortgage Servicing Rules

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As we previously reported, on October 19, 2016, the Consumer Financial Protection Bureau (CFPB) published in the Federal Register final amendments to its Mortgage Servicing Rules (Final Rule). The Final Rule, weighing in at 900 pages (or 242 pages of the Federal Register), makes significant updates to the Mortgage Servicing Rues in nine areas.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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