Servicing With a Costly Frown

After years of enforcement inactivity, the OCC has issued a tough set of restrictions against one of the increasingly few large mortgage servicers still willing to be a banks.  This presages more to come from the OCC above and apart from its participation with the Department of Justice and CFPB in a new campaign against “modern redlining” that create pressure for like-kind action against nonbanks in another high-profile arena.

GSE-102721.pdf