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The bulletin is a welcome turnaround from the Trump administration, said Mitria Wilson-Spotser, director of housing policy at the Consumer Federation of America. All these policies in the past have applied to federal servicers, Wilson-Spotser said. The CFPB s announcement is the first attempt to address the private market. Around a third, or 14.5 million, of mortgages in the U.S. are privately owned and not federally backed. What it means for struggling homeowners In short, it means the CFPB is expecting mortgage servicers to help you stay in your home. What should that assistance look like? For one, your servicer should present you with any possible options other than foreclosure, including forbearances or reduced monthly payments, said Alys Cohen, an attorney at the National Consumer Law Center.

United statesDave uejioMitria wilson spotserConsumer financial protection bureauNational consumer law centerConsumer federation of americaDirector dave uejioPersonal financeConsumer federationAlys cohenNational consumer lawஒன்றுபட்டது மாநிலங்களில்நுகர்வோர் நிதி ப்ரொடெக்ஶந் பணியகம்தேசிய நுகர்வோர் சட்டம் மையம்நுகர்வோர் கூட்டமைப்பு ஆஃப் அமெரிக்காதனிப்பட்ட நிதி