THE REGULATION OF MORTGAGE SERVICING: LESSONS FROM THE FINANCIAL CRISIS

  • MORTGAGE SERVICING REGULATION
  • James E. McNulty, Luis Garcia-Feijoo, Ariel Viale
  • Contemporary Economic Policy, December 2017, Wiley
  • DOI: 10.1111/coep.12272

Mortgage Servicing and the Financial Crisis

What is it about?

The federal government's failure to ensure adequate consumer protection in the mortgage servicing area helped cause t he financial crisis

Why is it important?

Mortgage servicing issues have been completely ignored as a cause of the crisis.

Perspectives

James McNulty
Florida Atlantic University

It is important in this era of deregulation not to deregulate too much, and not to undermine consumer protection just to allow financial firms to make higher profits. That's the mistake regulators made in the years before the crisis. it is important to learn from these mistakes.

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http://dx.doi.org/10.1111/coep.12272

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