CFPB’S FINAL RULE AMENDING REGULATION X
Under the March 2020 CARES Act, borrowers with federally-backed mortgage loans were able to request a 180-day forbearance on their loan payments if the borrower attested to a COVID-related hardship. That 180-day period could be extended for an additional 180-days upon the borrower’s request. In February 2021, the FHA, FHFA, USDA and VA announced that they were extending their forbearance… Read More