ABA continues to be concerned about the impact that unrelenting compliance changes and increasingly complex reforms will have on operations and credit availability. A comprehensive approach to implementation that considers the collective impact of all these rules is needed to ensure banks can efficiently serve their customers and borrowers benefit from an improved process.Read the backgrounder.
Friday, August 10, 2012
ABA Backgrounder on Mortgage Reform Issues
ABA has posted a backgrounder that outlines the many active and critical mortgage reform issues that will carry into 2013, including the CFPB’s mortgage servicing proposals. From the backgrounder: