Saturday, 10 April 2021 | The Latest Buzz for the Appraisal Industry

CFPB Braces for Mass Forbearance Exodus

The Consumer Financial Protection Bureau (CFPB) has proposed changes intended to help prevent impending foreclosure actions as the emergency federal foreclosure protections are eventually set to expire. There are nearly 2.5 million homeowners currently in forbearance plans according to the Mortgage Bankers Association (MBA), and in order to prevent a windfall of foreclosures that may …

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