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Unwinding the COVID-19 concessions for 'secret CECL'

Unwinding the COVID-19 concessions for 'secret CECL'
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New CFPB Rules Set Out Mortgage Servicer Requirements in Response to End of COVID-19 Foreclosure Moratorium | Snell & Wilmer

The Consumer Financial Protection Bureau (“CFPB”) announced post-COVID-19 mortgage servicing rules that went into effect August 31, 2021 (“Rules”). The Rules are designed to protect. ....

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CFPB: Mortgage Servicers' Pandemic Response Varies Widely

The Consumer Financial Protection Bureau (CFPB) published a report Tuesday detailing 16 large mortgage servicers’ response to the COVID-19 pandemic. The report’s data metrics include call handling and loan delinquency rates and highlight the industry’s widely varied response to the pandemic. ....

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