The Crowne Plaza
Times Square Manhattan
1605 Broadway at 49th Street
New York, NY 10019
Friday, June 21, 2013
BREAKFAST BRIEFING: OVERVIEW OF THE CFPB RULE CHANGES AND THEIR IMPACT
On January 10th, 2014 the CFPB will begin enforcing new rules that drastically change how distressed mortgages are serviced. Traditional distressed asset due diligence will no longer be sufficient to uncover all potential risks a distressed asset purchase presents.
- What will be the changes to distressed servicing requirements?
- How will these new rules impact the secondary mortgage market?
- What is the assumption of risk?
- How due diligence needs to change to accommodate shifting regulatory times?