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Updated Final CFPB Rules Increase Servicer Liability

DSN-story

Cast as “rule clarifications,” the CFPB's updated final mortgage servicer rules do contain a large number of new, additional requirements that are already being discussed and digested by the servicing industry. This select print feature originally appeared in the January 2017 issue of DS News.

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Credit Unions Support OCC’s FinTech Proposal, Sort Of

The National Association of Federally-Insured Credit Unions is behind the Office of the Comptroller of the Currency's recently proposed initiative to allow FinTechs to operate as banks, but it also believes these companies should be held to the same standards and regulations as other financial institutions.

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Get Ready for Higher GSE Modification Rate

Mortgage interest rates were down for the second consecutive week following eight weeks of increases, but Fannie Mae and Freddie Mac raised their standard mortgage modification rate for the second time in a month up to its highest level since mid-2015.

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