October 28, 2021 | On January 1, 2022, the state and federal moratoria on residential home foreclosures will end. The relative quiet that has prevailed in the market for 1-4 family loans will also likely conclude, ushering in a new period of regulatory danger for mortgage servicers. Illustrating the mounting risk, the Office of the Comptroller of the Currency issued a consent order with Cenlar FSB, the largest loan sub-servicer in the US. Below are some thoughts on why this event is important to both mortgage lenders and servicers, and the investors in this sector.
Cenlar FSB, COOP, BLND and the Great MSR Migration
Want to read more?
Subscribe to theinstitutionalriskanalyst.com to keep reading this exclusive post.