Mortgage Servicing

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CFPB issues implementation date guidance to mortgage servicing rule 

Jun 27, 2017By

The Consumer Financial Protection Bureau released updated guidance along with technical corrections to the final mortgage servicing rule that is set to go into effect on Oct. 19. Given the nature of the two documents released, neither will be open for comment. One key area that the CFPB does address is the industry’s concern about the rule going into effect on a Thursday. Here’s the bureau’s response.

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