Effective September 19, 2025, the Division of Financial Institutions (“Division”) of the Ohio Department of Commerce adopted amended rules (the “Amended Rules”) under the Ohio Residential Mortgage ...
SUMMARY: The Bureau of Consumer Financial Protection (Bureau) is issuing an interim final rule amending a provision of the Regulation X mortgage servicing rules issued in 2016 relating to the timing ...
The proposed amendments were intended to streamline requirements and introduce new safeguards to mitigate foreclosure risk. They would replace the existing requirement that borrowers submit all ...
The Consumer Financial Protection Bureau is proposing a new mortgage servicing rule to help struggling borrowers avoid foreclosure by adopting protections that it made available during the COVID-19 ...
The Consumer Financial Protection Bureau (CFPB) on Wednesday sent a list of rules under review to the Office of Management and Budget (OMB), including proposals that could affect mortgage lenders and ...
In the past, handling a borrower’s monthly payment was relatively straightforward. The servicer, more often than not the lender, would receive the check or bank transfer around the first of the month, ...
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