In the April 7, 2021 issue of the Federal Register (86 FR 17897), the Consumer Financial Protection Bureau (CFPB) issued Bulletin 2021-02 on Supervision and Enforcement priorities regarding housing insecurity in light of heightened risks to consumers needing loss mitigation assistance in the coming months as the COVID–19 foreclosure moratoriums and forbearances end. Bulletin 2021-02 is effective as of April 7, 2021.
In Bulletin 2021-02 the CFPB states that it “plans to monitor servicers’ engagement with borrowers at all stages in the process [of loss mitigation assistance] in the coming months and prioritize mortgage servicing oversight work in deploying its enforcement and supervision resources in the coming year.”
Full Memorandum
