October 28, 2021 | On January 1, 2022, the state and federal moratoria on residential home foreclosures will end. The relative quiet that has prevailed in the market for 1-4 family loans will also likely conclude, ushering in a new period of regulatory danger for mortgage servicers. Illustrating the mounting risk, the Office of the Comptroller of the Currency issued a consent order with Cenlar FSB, the largest loan sub-servicer in the US. Below are some thoughts on why this event is important to both mortgage lenders and servicers, and the investors in this sector.
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