Mortgage servicers under close scrutiny

Mortgage servicers under close scrutiny

The U.S. Consumer Financial Protection Bureau said it will focus on mortgage servicing as it begins supervision of the nation’s largest banks.

“Mortgage servicing has a huge impact on consumers and is a priority for the CFPB,” Raj Date, special adviser to the Treasury Secretary for the consumer bureau, said in an emailed statement Oct. 13.

“We are going to take a close and measured look at whether servicers are following the law,” he said.

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