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Industry insider describes benefits of loan modification proposal
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Consumer Protection
Tuesday, October 1, 2024
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The last thing a loan originator wants for their borrower is to one day face foreclosure on their mortgage. In July, the Consumer Financial Protection Bureau (CFPB) proposed key revisions to the mortgage servicing provisions within Regulation X aiming to reduce that risk by lessening certain technical, application-based hurdles to obtaining a loan modification.
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