No foreclosures until 2022? CFPB seeks to extend foreclosure moratorium

Foreclosure moratoriums could be extended

Foreclosures may be banned until 2022 if a new rule from the Consumer Financial Protection Bureau goes through. The rule — which the CFPB says would benefit both underwater homeowners and mortgage servicers — would prohibit servicers from initiating the foreclosure process until after December 31 of this year. Continue reading at the source article link below. https://themortgagereports.com/75868/cfpb-foreclosure-moratorium