Updated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original Borrowers
Washington, D.C. –(ENEWSPF)–August 4, 2016. The Consumer Financial Protection Bureau (CFPB) today finalized new measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The updated rule requires servicers to provide certain borrowers with foreclosure protections more than once over the life of the loan, clarifies borrower protections when the servicing of a loan…
