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CFPB Announces Foreclosure Restriction And Additional Loss Mitigation Requirements - Finance and Banking


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On April 5, the Consumer Financial Protection Bureau
( CFPB ) proposed amendments to Regulation X with the
effect of preventing foreclosure on certain residential mortgage
loans until January 1, 2022.
1  With a proposed effective
date of August 31, 2021, this action would apply not only to
federally backed mortgage loans, but to all mortgage loans secured
by a property that is a borrower s principal residence
2 -
including those held in private trusts and on lender balance
sheets.  On April 3, the CFPB and other governmental agencies
charged with overseeing mortgage servicers issued a joint statement ....

Consumer Financial Protection Bureau , Coronavirus Disease , Borrowers Affected , Estate Settlement Procedures Act , Coronavirus Aid , Economic Security Act , Enforcement Practices Regarding , Mortgage Servicing Rules , Cares Act , நுகர்வோர் நிதி ப்ரொடெக்ஶந் பணியகம் , எஸ்டேட் தீர்வு ப்ரொஸீஜர்ஸ் நாடகம் , பொருளாதார பாதுகாப்பு நாடகம் , அமலாக்கம் ப்ர்யாக்டிஸஸ் தொடர்பாக , அடமானம் சேவை விதிகள் , அக்கறை நாடகம் ,