Most of the rules on mortgage servicing practices announced by the CFPB. borrowers of the upcoming rate increases and options if payments are missed. This affords some additional protection on the.
On the same date, the CFPB also issued a proposed rule regarding timing requirements for periodic statements provided to borrowers in bankruptcy. Both the interim final rule and the proposed rule relate to the 2016 Mortgage Servicing Final Rule, which effected several changes to the mortgage servicing rules under Regulation X, which implements the Real Estate Settlement Procedures Act, and Regulation Z, which implements the Truth in Lending Act.
Mortgage rates hit all-time lows (again) Mortgage Rates Edge Closer To All-Time Lows – Mortgages Rates are moderately improved to begin the week, taking them slightly lower than than April’s best two days (4/10 and 4/23) and as close as they’ve been to all-time lows in several. were.