Live Breaking News & Updates on ரிச்சர்ட் க்ரூஸ்

Stay updated with breaking news from ரிச்சர்ட் க்ரூஸ். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Finance Agency Plan to Further Forestall Home Foreclosures Fails to Recognize Economic Realities


Finance Agency Plan to Further Forestall Home Foreclosures Fails to Recognize Economic Realities
News provided by
Share this article
Share this article
COLUMBUS, Ohio, April 7, 2021 /PRNewswire/  Distressed asset auctioneer Richard Kruse of Gryphon USA said plans by the Consumer Finance Protection Bureau to delay foreclosures another nine months and create more regulations only builds pressure on consumers and the nation s housing market.
The CFPB this week announced proposed rules meant to encourage lenders and loan servicers to continue working with consumers to avoid foreclosure, pushing potential filings out to January 2022.
I understand the intent, said Kruse.  But the CFPB is effectively demanding an immediate and unrealistic overhaul of lending, investment, servicing and mortgage insurance industries, not understanding that the end result will be worse with these rules than allowing the legal system work. ....

United States , Richard Kruse , Consumer Finance Protection Bureau , Gryphon United States , ஒன்றுபட்டது மாநிலங்களில் , ரிச்சர்ட் க்ரூஸ் , நுகர்வோர் நிதி ப்ரொடெக்ஶந் பணியகம் , க்ரிஃபோன் ஒன்றுபட்டது மாநிலங்களில் ,