Federal Reserve Bank of San Francisco

CFPB Issues Guidance on Potential Risks Related to Mortgage Servicing Transfers

Author(s):

February 22, 2013

On February 11, 2013, the Consumer Financial Protection Bureau (CFPB) issued CFPB Bulletin 2013-01 to advise mortgage servicers of the potential risk to consumers that may arise in connection with the transfer of mortgage servicing. As noted in its press release, the CFPB’s concern in this area is heightened due to the number and size of recent servicing transfers.

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