Mortgage Borrower Protection
Richard Cordray introduced new mortgage servicing industry intended to provide more transparency and accuracy. The proposed new rules includ… read more
Richard Cordray introduced new mortgage servicing industry intended to provide more transparency and accuracy. The proposed new rules include bank simplification of monthly mortgage statements, warnings before interest rate adjustments, and increased efforts to work with homeowners who have fallen behind in their payments. Following his remarks he answered questions. close
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