By Around the Web In January 2013, the federal Consumer Financial Protection Bureau (CFPB) issued mortgage servicing rules that included various protections for homeowners facing foreclosure. Set to take effect in January 2014, mortgage servicers and service providers are working hard to be in compliance with the new rules.
Since the CFPB is issuing and enforcing these rules, Fannie Mae can’t provide advice on how to comply with them; however, Fannie Mae has its own set of servicing standards that are being updated in response to the CFPB’s servicing rules….(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
