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Mortgage Compliance Insights

Weighing The Impact Of The CFPB’s Proposed Servicing Rules

April, 26 2012

Industry reaction ranges from cautiously positive to skeptical.
By Phil Hall
Earlier this month, the Consumer Financial Protection Bureau (CFPB) announced that it was considering new rules that would govern mortgage servicing practices. The CFPB offered its proposal under the banner of “no surprises, no runarounds.”

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