A Close Look at the CFPB’s Mortgage-Related Exam Findings in Summer 2020 Supervisory Highlights - a podcast by Ballard Spahr LLP

Mortgage origination and servicing continue to be a supervisory focus. We review the CFPB’s findings in the following areas and discuss compliance implications: redlining based on nonbank lenders’ advertising practices, improper consideration of applicants’ public assistance income in determining eligibility for mortgage modifications, and servicing requirement violations relating to providing periodic statements to consumers in bankruptcy, force-placed insurance, escrow accounts, and servicing transfers.

Further episodes of Consumer Finance Monitor

Further podcasts by Ballard Spahr LLP

Website of Ballard Spahr LLP