BLOG VIEW: At the onset of the pandemic, mortgage and consumer regulators relaxed the supervision and enforcement of servicers’ compliance with certain requirements that gave servicers time to adjust to the constraints caused by the pandemic.
The regulatory agencies’ flexibility, however, has ended. On Nov. 10, 2021, regulators issued a joint statement declaring that flexibility is no longer warranted, as servicers have had sufficient time to adjust their operations. While the regulators recognize that
