Tag Archives: servicing

ABA Urges CFPB to Ensure Rules are ‘Consistent with the Law’

The Consumer Financial Protection Bureau should consider whether the rules it has written since 2011 are “consistent with the law, clear, and whether they promote the financial interests of consumers in a strong, vibrant, and innovative market that offers the variety of financial products and services that consumers want and value,” the American Bankers Association said in a comment letter to the bureau today.

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FHA Offers Additional Relief to Borrowers in Disaster Areas

The Federal Housing Administration today announced a new option that allows FHA-insured homeowners whose homes were damaged by recent natural disasters to remain in their homes, and also reduces losses that would otherwise negatively affect FHA’s mutual mortgage insurance fund.

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ABA Seeks Further Clarifications on Servicing Rule Fix

While welcoming an interim final rule issued in October to provide clarification on servicing rules, ABA today asked the Consumer Financial Protection Bureau for additional clarification on certain issues related to communication with borrowers in foreclosure.

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