| Aug 10, 2012 10:19AM The Consumer Financial Protection Bureau (CFPB) is requesting comments on two sets of proposed rules governing the operation of mortgage servicers . The new regulations, posted in The Federal Register, cover servicer's operations involving both performing and delinquent mortgage loans. CFPB said that the financial crisis has brought into focus many of the problems with bad practices and sloppy record keeping that have plagued the servicing industry for years. With millions of homeowners falling delinquent... Aug 10, 2012 1:41PM Peer-to-peer lending is hardly a new concept but it went high-tech in 2005 when Prosper.com opened a market place to link people who had money with those who needed it. Under Prosper's business plan lenders bid to fund entire loans or pieces as small as $25. The more investors who bid the lower the interest rate the borrower is likely to get. When we wrote about Prosper in 2006 we said we could see such a concept eventually moving into home mortgages. Prosper however has continued to focus on small...
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