Tag Archives: Mortgage Servicing Rights

Consumer Financial Protection Bureau director Richard Cordray told a gathering of the nation's editors and journalists Friday that the agency needs their help to make consumers more aware of predatory lending hurdles. He highlighted efforts by the CFPB to increase transparency in the markets, underscored the role undertaken by lenders in the crisis, and played up the need for more regulation for servicers. The address by Cordray is the latest in a round of public appearances by the CFPB director, newly appointed by President Barack Obama in January.

Nationstar Mortgage LLC seized a deal recently with Aurora Bank, formerly Lehman Brothers Bancorp, for a handover of $63 billion in residential mortgage servicing rights.