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US Consumer Financial Protection Bureau: CFPB examiners find mortgage servicing problems at banks and nonbanks

( August 21, 2013, 16:19 GMT | Official Statement) -- MLex Summary: Some banks and nonbanks may be subject to penalties after the US Consumer Financial Protection Bureau found a host of mortgage servicing problems, an agency examination report said. These institutions have been asked to correct the problems, which include poor mortgage-payment processing, shortcomings in helping struggling borrowers with alternative payment plans, and sloppy customer-account transfers among servicers.Statement follows in full. Also see the report below....

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