Archives For: CFPB
CFPB Proposed Rules to Help Homeowners Avoid Foreclosure
CFPB proposed new rules that would require servicers to help homeowners before foreclosing, reduce servicer paperwork, and improve homeowner communication.
10 Jul 2024
The CFPB Intends to Identify Ways to Simplify and Streamline the Existing Mortgage Servicing Rules
The CFPB intends to identify ways to simplify and streamline the existing mortgage servicing rules as they play a critical role in assisting homeowners with repayment.
15 Jun 2023
CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, and Student and Auto Loans
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending.
8 Mar 2023
CFPB Considers Permanently Restoring Covid Mortgage Protections
The CFPB is seeking information to possibly make pandemic-era foreclosure prevention and automatic refinancing programs permanent features of the mortgage market.
22 Sep 2022
CFPB Report: Many Borrowers Still Behind on Mortgage Payments After COVID-19 Forbearance
A report from the CFPB revealed many homeowners are struggling to make mortgage payments after exiting Covid-19 forbearance.
17 Jun 2022
CFPB Report Analyzes Servicer Data on Borrowers Exiting COVID Forbearance
CFPB reports that just 0.2% of loans are exiting COVID forbearance with a status of foreclosure, short sale or deed in lieu.
16 May 2022
CFPB Encourages Mortgage Servicer Participation in HAF Programs
Last week, the CFPB published a blog post, stating that it “strongly encourages” mortgage servicers to participate in Homeowner Assistance Fund (HAF) programs.
21 Mar 2022
CFPB to Closely Scrutinize How Mortgage Servicers Handle Borrowers Exiting Forbearance
As the COVID-19 related foreclosure moratoriums wind to a close and mortgage servicers brace for a potential wave of defaults, the Consumer Financial Protection Bureau (CFPB) has announced that it will be fully enforcing the foreclosure protections put in place in the wake of the Great Recession of 2008.
11 Nov 2021
CFPB Sues LendUp Loans, LLC for Deceiving Borrowers
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal district court accusing LendUp Loans, LLC of violating a 2016 consent order and deceiving borrowers.
8 Sep 2021
CFPB: Tool to Help Renters and Landlords Access Federal Assistance
The Consumer Financial Protection Bureau (CFPB) released an online tool to help renters and landlords impacted by the pandemic easily find and apply for payment assistance for rent, utilities and other expenses.
28 Jul 2021