CUs, impacted borrowers will benefit from loss mitigation proposal

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CUNA generally supports the CFPB’s interim final rule to temporarily permit mortgage servicers to offer certain loss mitigation options for borrowers experiencing financial hardships due COVID-19 emergency, but submitted several additional suggestions in its comment letter filed Friday.

https://news.cuna.org/articles/118264-cus-impacted-borrowers-will-benefit-from-loss-mitigation-proposal