Tag Archives: housing

Consumer Financial Protection Bureau Supervision Finds Mortgage Servicers’ Ongoing Technology Failures and Process Breakdowns Trigger Rule Violations

Last week, the Consumer Financial Protection Bureau (CFPB) released a special edition supervision report focused on mortgage servicers. The report indicates that some mortgage servicers are putting themselves in violation of CFPB’s new servicing rules…

HUD Update of Preservation and Protection Requirements and Cost Reimbursement Procedures for Forward Mortgages and HECMs

This past Friday, the Federal Housing Administration (FHA) published Mortgagee Letter 16-02: Update of Preservation and Protection Requirements and Cost Reimbursement for Title II Forward Mortgages and Home Equity Conversion Mortgages (HECMs). This Mortgagee Letter…