Mortgage forbearance provided a lifeline for millions of homeowners in the U.S., especially during the most difficult months of the COVID-19 pandemic. But with over 2 million homeowners fast approaching their forbearance end date, many will have to decide what their next steps would be. Some of the possible options may include a forbearance extension,…Read more
Does The 2021 Mortgage Servicing COVID-19 Proposed Rule Protect Me from Foreclosure?
The Consumer Financial Protection Bureau’s proposed COVID-19 mortgage servicing rule may protect you from foreclosure through the end of the year (2021) if you are experiencing financial hardship due to the ongoing pandemic. The Consumer Financial Protection Bureau, or CFPB, sets forth different regulations to assist consumers. The CFPB also enforces different regulations and creates…Read more