Before initiating foreclosures against borrowers who are 120 days behind on their payments, the Consumer Financial Protection Bureau expects loan servicers to reach out to borrowers and give them a chance to apply for assistance, such as a loan modification.
Source: Inman News
1.7M homeowners still in forbearance as protections expire
Published in Consumer Financial Protection Bureau, forbearance, foreclosure, Markets & Economy, Mortgage, mortgage bankers association and Select
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