Raven’s Rock Real Estate Services, Inc.

Today, the Bureau issued the 2021 Mortgage Servicing COVID-19 Final Rule. The Rule amends certain Regulation X Mortgage Servicing early intervention and loss mitigation requirements. The Rule issued today establishes procedural safeguards for mortgage servicers that help borrowers explore foreclosure alternatives, such as loan modifications or home sales. The Rule is effective August 31, 2021. https://www.consumerfinance.gov//protections-for-borrower/

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