To print this article, all you need is to be registered or login on Mondaq.com. On April 5, the Consumer Financial Protection Bureau ("CFPB") proposed amendments to Regulation X with the effect of preventing foreclosure on certain residential mortgage loans until January 1, 2022. 1 With a proposed effective date of August 31, 2021, this action would apply not only to federally backed mortgage loans, but to all mortgage loans secured by a property that is a borrower's principal residence 2 - including those held in private trusts and on lender balance sheets. On April 3, the CFPB and other governmental agencies charged with overseeing mortgage servicers issued a joint statement