Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules

Update: 2024-07-23

Description

Members of Mayer Brown's Financial Services team summarize the main takeaways of the CFPB's proposal to amend the Regulation X mortgage servicing rules. We focus on the proposal to amend the requirements for mortgage servicers to assist borrowers in default who seek payment assistance, the proposed amendments to foreclosure safeguards during that process, and the CFPB's proposal regarding providing certain communications in languages other than English.

Comments

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Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules

#box-pro-ellipsis-176224631715695{-webkit-line-clamp:2;}Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules

Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules

Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules