CFPB Issues Rules to Assist Borrowers and Mortgage Servicers

The Consumer Financial Protection Bureau (CFPB) recently issued the 2021 Mortgage Servicing COVID-19 Rule to protect borrowers from financial distress once forbearance plans expire and ease the strain on mortgage servicers, who are likely to be inundated with requests for loss mitigation assistance in the coming months. Learn more about this rule, which becomes effective on August 31, 2021.

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Practical Guidance Updates

Featuring the latest updates from your Practical Guidance account.

• Survey of Commercial Lease Terms
  Take the Survey of Commercial Lease Terms, earn a $25 gift card*, and access the latest results.

• The Practical Guidance Journal Summer 2021 Edition is now available.
  Read all about receivership in commercial real estate transactions.

*Offer is void where prohibited by law or by your employer’s policies. Individual must complete the survey in its entirety and in accordance with all instructions by September 30, 2021 to be eligible for gift card offer. Only one gift card, valued at $25, will be given per individual while supplies last. Employees of any governmental entity are not eligible to participate in this offer. No returns or exchanges. Offer is valid through September 30, 2021. Other restrictions may apply.

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