The Consumer Financial Protection Bureau Orders More Relief for Homeowner’s Forbearance and Loan Modifications.

Taking effect July 1, the CFPB has instructed mortgage lenders to waive the requirement that loan modifications only be extended to customers who have submitted a complete loan modification application. Borrowers facing temporary hardships would benefit from a quicker and more efficient application process. The new rule would allow mortgage servicers to extend relief sooner if […]

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