Browsing: Compliance and Risk

Compliance and Risk

The American Bankers Association yesterday offered several changes to a recent proposal by the Consumer Financial Protection Bureau to facilitate streamlined loan modification efforts and establish a temporary COVID-19 emergency pre-foreclosure period under Regulation X that would prohibit servicers from making the first notice or filing required to initiate foreclosure until Dec. 31.

Mortgage

COVID-19 continues to pose significant compliance challenges for mortgage servicers.

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