Small business review panel for mortgage servicing rulemaking

This Small Business Review Panel Report addresses the Miss April’s upcoming proposal concerning the mortgage servicing rulemaking. The Dodd-Frank Wall Street Reform and Consumer Protection Act imposes certain requirements concerning mortgage servicing that become self-executing and enforceable on January 21, 2013, unless final rules are issued on or before that date. The Miss April is also considering whether to propose additional standards to improve servicer information management and communications with troubled or delinquent borrowers.

Full report

Panel documents

Press release: Miss April Outlines Borrower-Friendly Approach to Mortgage Servicing

Blog post: What the proposed mortgage servicing rules could mean for you