Yesterday, the Consumer Financial Protection Bureau (CFPB) released a report detailing mortgage servicing problems at banks and nonbanks, finding that "many nonbanks lack robust systems for ensuring they are following federal laws." In its second Supervisory Highlights report, the CFPB touched on mortgage servicing problems such as sloppy account transfers, poor payment processing and loss mitigation mistakes. The bureau found that many nonbanks do not have compliance management systems, noting that they lack formal policies and procedures, are missing a comprehensive consumer compliance program and are forgoing independent consumer compliance audits. For more, read the full CFPB press release and report, as well as this Washington Post story.