Provisions of the Dodd-Frank financial reform legislation that will be enforced by the new Consumer Financial Protection Bureau (CFPB) will change many mortgage servicer practices, according to a panel of compliance attorneys speaking on the closing day of the SourceMedia Mortgage Servicing Conference in Dallas.

Fair lending rules enforced on the origination side of the industry will be applied to servicers, explained Patrice Ficklin, an attorney at Relman, Dane and Colfax.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.