On November 10, 2021, Federal Regulators issued a statement
that lenders will no longer be afforded leniency with complying with mandatory mortgage
servicing practices.
As background, Federal Regulators had previously issued an
April 2020 Joint Statement, in response to COVID, that they would not take
supervisory...
Showing posts with label mortgage servicers. Show all posts
Showing posts with label mortgage servicers. Show all posts
Friday, November 12, 2021
Friday, July 02, 2021
02
Jul
On June 28, 2021, the Consumer Financial Protection Bureau (CFPB) issued a final rule amending Regulation X of the Real Estate Settlement Procedures Act (RESPA) which aims to assist mortgage borrowers with a COVID-19 related hardship in seeking loss mitigation options and delaying foreclosure proceedings to encourage resolution...
