CFPB Proposes Rules to Help Homeowners Avoid Foreclosure & to fees imposed in residential mortgage transactions – Public comment period open
The proposal to amend the mortgage servicing rules aims to streamline and strengthen certain provisions in the existing mortgage servicing rules or order to provide added flexibility for servicers to get consumers assistance quickly and enhance borrower protections against foreclosure dual tracking and fees. The proposed rule also requires improved communications with borrowers, including borrowers with limited […]