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On August 21, the CFPB issued a report which details mortgage servicing problems at banks and nonbanks, which include: (i) “sloppy” account transfers; (ii) poor payment processing; and (iii) loss mitigation mistakes. CFPB Release. CFPB Report.
Topics: Banks, CFPB, Mortgage Loan Servicing Standards, Nonbank Firms
Finance & Banking Updates