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CFPB Focus on Mortgage Servicers and Loss Mitigation Programs

Published: January 5, 2022

CFPB noted increase in borrowers needing loss mitigation assistance and cited mortgage servicers for violations relating to loss mitigation: charging fees in violation of the CARES Act and failure to evaluate complete loss mitigation applications in violation of Regulation X

Source: natlawreview.com

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Consumer Financial Protection BureauFall Supervisory HighlightsCoronavirus AidEconomic SecurityFinancial Institutions And BankingFpb RegulationLoss MitigationMortgage ServicersOrtgage Servicer Loss MitigationAres Act ViolationsEgulationx Violations