Home » Short Takes: CFPB Warns on Contract Terms / New Expanded-Credit MBS / Rocket’s Servicer Ratings Affirmed / Lender Growing / More Power for Otting at NYCB
Short Takes: CFPB Warns on Contract Terms / New Expanded-Credit MBS / Rocket’s Servicer Ratings Affirmed / Lender Growing / More Power for Otting at NYCB
The CFPB reiterated that Regulation Z prohibits mortgages for principal dwellings from including “terms requiring arbitration or any other nonjudicial procedure as the method for resolving any controversy or settling claims arising out of the transaction.”