New Mortgage Servicing Practices

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New Mortgage Servicing Practices

NYS Banking Department now requires new mortgage servicing practices. Within the last few months, some of the largest servicers have agree to significant changes.

The new mortgage servicing practices guidelines are likely to be a model for other states.

Article provides: overview, outline, prohibited practices, and specific changes.

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Topics:  Mortgages, Servicing Policies

Published In: Bankruptcy Updates, Civil Remedies Updates, Consumer Protection Updates, Finance & Banking Updates, Residential Real Estate Updates

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.

© Jonathan Foxx, Lenders Compliance Group | Attorney Advertising

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Jonathan Foxx
Lenders Compliance Group

LENDERS COMPLIANCE GROUP, INC. (LCG) and its affiliates, BROKERS COMPLIANCE GROUP, INC. (BCG),... View Profile »


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