Mortgage Servicing Rule

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CFPB giving servicers “more latitude” in dealing with borrowers in bankruptcy

Mar 08, 2018By

Mortgage servicers are about to have “more latitude” when it comes to dealing with borrowers entering or exiting bankruptcy, the Consumer Financial Protection Bureau announced Thursday. The CFPB announced a final rule relating to certain borrowers facing bankruptcy. The rule was initially released by the CFPB back in October, but now the bureau is finalizing the rule.

3d rendering of a row of luxury townhouses along a street

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