No matter the intent, some aspects of the mortgage-servicing regulations exceed the scope of the Dodd–Frank statute while others are simply unworkable. For example, the regulations require mortgage servicers to review or qualify a borrower for all possible “mitigation” options before foreclosure.
CFPB servicing rules considered ‘excessive’ by some
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Kristen Sieffert leads the reverse mortgage presence at The Gathering
FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.