Reuters exclusively reports Oughout. S. watchdog to consider mortgage moratorium principle with some exclusions

Reuters exclusively reports Oughout. S. watchdog to consider mortgage moratorium principle with some exclusions

October 1, 2021 Off By Sindy Thompson

Source : Reuters

Business & Finance

Reuters exclusively reported that U.S. consumer watchdog the Consumer Financial Protection Bureau, in coming weeks will adopt a rule requiring mortgage servicers to give struggling homeowners until next year to resume repayments. However, it is expected to carve out some groups of borrowers, following industry pushback, who may have abandoned their homes without trying to notify their servicers and those who do not respond to multiple inquiries from servicers about whether they wish to remain in their homes.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Source: Reuters