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Waters Seeks Foreclosure Moratorium Extension as CFPB Preps Rule

Account Recovery

In this case, protections put in place to keep renters and homeowners in their residences and not face evictions or foreclosures may continue through the end … The post Waters Seeks Foreclosure Moratorium Extension as CFPB Preps Rule appeared first on AccountsRecovery.net.

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CFFP Reaches $12M Settlement With Foreclosure Relief Scammers, 10 Years After Filing Lawsuit

Account Recovery

The Consumer Financial Protection Bureau yesterday announced a settlement in an enforcement action that started nearly a decade ago which will see those involved in a foreclosure relief scam pay $12 million in penalties and restitution to consumers.

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CFPB Issues NPRM Seeking to Halt Foreclosures Until 2022

Account Recovery

The Consumer Financial Protection Bureau yesterday issued a Notice of Proposed Rulemaking (NPRM) that would prohibit mortgage servicers from starting foreclosure proceedings until 2022 while also providing servicers with the ability to offer streamlined loan modification options to homeowners who have been impacted by the COVID-19 pandemic.

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CFPB Secures $12 Million From Ringleaders of Foreclosure Relief Scam

Consumer Finance

The Consumer Financial Protection Bureau resolved an appeal in a long-running enforcement suit against a foreclosure relief scam operation for $12 million.

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Servicer to Pay $3.2M to Settle Action with Mass. AG Over Foreclosure Failings, Excessive Collection Calls

Account Recovery

AG Over Foreclosure Failings, Excessive Collection Calls appeared first on AccountsRecovery.net. A mortgage servicer will pay $3.2 A copy of the assurance of discontinuance in the action against … The post Servicer to Pay $3.2M to Settle Action with Mass.

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CFPB Releases Final Rule to Protect Homeowners from Foreclosure, post-COVID

Account Recovery

The Consumer Financial Protection Bureau yesterday announced the release of a final rule, which will go into effect on August 31 and aims to ensure an “orderly transition” back to a normal housing market by providing protections to homeowners to prevent a flood of foreclosures now that many forbearance programs put into place during the (..)

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How Long Does Foreclosure Take?

Credit Corp

MA non-judicial mortgage foreclosure can take about 120 days, or four months, to complete. Judicial foreclosures vary depending on your state. A nonjudicial mortgage foreclosure can take about 120 days, or four months, to complete. Judicial foreclosures vary depending on your state. What Is Foreclosure?