Are servicers finally off the CFPB’s hit list?

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However, a quick perusal of the new supervisory report from the CFPB might finally be a sign that servicers are no longer at the top of the bureau’s hit list. The vendetta against servicers by the head of the bureau goes a long way back.

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The servicer loses its Small Servicer status as of January 1, 2016. If the same Small Servicer were, instead, to increase the loans it services to more than 5,000 as of October 1, 2015 and still services more than 5,000 loans as of January 1, 2016, the servicer would lose its Small Servicer status on April 1, 2016, 6 months after October 1, 2015.

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However, a quick perusal of the new supervisory report from the CFPB might finally be a sign that servicers are no longer at the top of the bureau’s hit list. The vendetta against servicers by.

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