CFPB Finalizes Technical Correction to Mortgage Servicing Rule
National Mortgage News, Mar. 8, 2018–Kate Berry (subscription)
The Consumer Financial Protection Bureau’s final rule gives mortgage servicers a temporary exemption, for a single statement period, from certain timing requirements in sending periodic statements to borrowers entering and exiting bankruptcy. The rule is a technical revision to the CFPB’s 2016 mortgage servicing rule.
