CFPB report flags pandemic-related issues in deposits, mortgage servicing
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
Tag: Forbearance
CFPB report analyzes servicer data on borrowers exiting COVID forbearance
Just 0.2% of mortgage loans exited COVID-19 forbearance programs with a status of foreclosure, short sale or deed in lieu, ...
CFPB, DOJ Remind Servicers of Veteran, Service Member Rights As COVID Forbearance Ends
With many COVID-19 mortgage forbearance programs winding down, the CFPB and the Department of Justice today sent letters to mortgage ...
Avoiding Fraudulent Transfer Claims from Loan Workouts
Here are five actions banks can take to stay out of trouble.
White House Announces New COVID-19 Relief Measures for Homeowners
As more borrowers exit COVID-19 forbearance programs, the Biden administration today announced several new relief measures designed to help mortgage ...
CFPB Finalizes Rule to Assist Borrowers Affected by COVID-19
As expected, the Consumer Financial Protection Bureau today finalized a rule to facilitate streamlined loan modification efforts and establish a ...
VA Finalizes Rule on Partial Claim Program after Industry Advocacy
The Department of Veterans Affairs last week finalized a rule establishing a new COVID-19 Veterans Assistance Partial Claim Payment Program.
The Long Shadow
COVID-19 continues to pose significant compliance challenges for mortgage servicers.
CFPB Reports Examine Mortgage Loans in Forbearance, Consumer Complaints
A recent analysis of mortgages by the CFPB found that an estimated 4.7% of owner-occupied properties were in forbearance as ...
CFPB Issues Proposed Rule Prohibiting Foreclosure Notices Until Dec. 31
The Consumer Financial Protection Bureau today proposed to establish a temporary COVID-19 emergency pre-foreclosure review period under Regulation X that ...
