The Consumer Financial Protection Bureau just fired a shot across the bow of the country’s #mortgage servicers after it found that some servicers are using outdated computer systems that could run them afoul of CFPB rules. “#mortgage servicers can’t hide behind their bad computer systems or outdated technology,” said CFPB Director Richard Cordray. “There are no excuses for not following federal rules.” http://www.housingwire.com/articles/37343-cfpb-issues-warning-to-mortgage-servicers-you-cant-hide-behind-bad-computer-systems ❤️ #share #mortgage
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