Servicing

The foreclosure crisis triggered a wide-spread scrutiny of the entire servicing process. In response to it, and to fulfill Dodd-Frank Act provisions, the CFPB mortgage servicing rules that create requirements regarding periodic statements, rate reset notices, error resolution, loss mitigation, and other servicing requirements.

ABA's Position 

ABA has expressed concern that the CFPB's rules are overly broad and could cause high-quality servicing to become uneconomical, particularly at small banks. ​​

 

 Newsbytes

 
 

 ABA Analysis

 
 

 Comment Letters

 
 

 Letters to Congress & Regulators

 


Questions? For more information, contact  Rodrigo Alba.

 

 Staff Contacts

 
  • Rodrigo Alba,
    Senior Vice President,
    ABA Mortgage Finance/Sr. Regulatory Counsel
 

 ABA Resources