CFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Impacted by COVID-19

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Orrick - Financial Industry Review

On June 23, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule that amends Regulation X by temporarily permitting mortgage servicers to offer certain loss mitigation options to borrowers impacted by the COVID-19 pandemic without first obtaining a completed loss mitigation application from the borrower. Release. Interim Final Rule.

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