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Servicers

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Mortgage Servicers Face New Scrutiny Under CFPB Warning 

Feb 11, 2013By

The Consumer Financial Protection Bureau issued a warning Monday for all mortgage servicers—banks and non-banks—regarding the transfer of loans between servicers.  Servicers must not lose documentation, loss mitigation plans or interfere with a homeowner’s opportunity to save his or her home from unnecessary foreclosure, the CFPB states in new guidance released Monday, citing the high number […]