Removing Barriers Blog

FHFA to Servicers: Implement the CFPB Foreclosure Protections a Month Early
Posted July 01, 2021 by CUNA Advocacy

The FHFA has announced that after the expiration of its foreclosure mortarium (recently extended until July 31, 2021) mortgage servicers of Fannie Mae and Freddie Mac loans will be required to implement the CFPB’s foreclosure protections a month early. The CFPB’s protections become effective August 31, 2021, but FHFA expects services to apply those protections beginning August 1. For more information on the substance of those protections, have a look at the CUNA Compliance Community blog post on the final rule.