CFPB Issues Last Changes To Mortgage Rules

Law360, New York (September 13, 2013, 3:52 PM EDT) -- The Consumer Financial Protection Bureau on Friday issued what it said would likely be its final amendments to a host of mortgage rules that are set to take effect in January despite industry pleas to delay implementation.

The rule issued Friday finalizes a June proposal that primarily make changes to the CFPB's new rules for mortgage servicing, in particular to the way servicers are expected to handle delinquent mortgages, and loan originator compensation. The amendments are also aimed at improving servicer responses to borrower complaints and...
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