New Mortgage Rule Aims to Stop Avoidable Foreclosures

by | Sep 20, 2021 | 0 comments

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The Consumer Financial Protection Bureau (CFPB) has announced a new rule to help prevent foreclosures in situations where they can be avoided. The new rule, which went into effect on Aug. 31, requires that most mortgage servicers help borrowers in forbearance find workable repayment options before initiating the foreclosure process.

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