Pending Mortgage Servicing Amendments = More Changes
July 25, 2016
With finalized amendments to the CFPB’s mortgage servicing rules due to be released within the next several weeks, one of the big issues for servicers will be just how much time the bureau grants them to implement all the necessary changes to their loan administration systems. “We have a pretty good idea of what the bureau is going to do in substance,” Donald Lampe, a partner in the financial services group in the Washington, DC, office of the Morrison & Foerster law firm, told Inside the CFPB. “And so the question is going to be, what is the implementation time period going to be so that these changes can be fully implemented?”
Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
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