Join us this Thursday, August 11, from 11:30 AM – 1:00 PM CST for the first webinar in our “CFPB Mortgage Servicing Amendments” series. Last week, the CFPB released its long-awaited amendments to the existing mortgage servicing rules in Regulations X and Z. The full release, which is 901 pages, details extensive changes to existing requirements in the following areas:
- Successors in interest;
- Borrowers in bankruptcy; and
- Loss mitigation protections.
Of course, less significant changes are also being made to existing force-placed insurance notice requirements, payment crediting requirements, the definition of delinquency, and the definition of a small servicer.
Part 1 of the webinar series, titled “What You Need to Know: Overview,” will provide an overview of the entire CFPB release. We will explain the amendments, highlight areas of particular concern, and provide advice on next steps and implementation.
For additional information about the upcoming webinar and to RSVP, click here. You will receive the webinar login information one day prior to the event. We hope you’ll join us!