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.”
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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