CFPB Issues Guiding Principles for Loss Mitigation after HAMP
On August 2, 2016, the Consumer Financial Protection Bureau published a new guidance document titled CFPB's Principles for the Future of Loss Mitigation , which outlines a recommended framework for new, industry-driven foreclosure relief programs. The Guidance largely follows the July 25, 2016, white paper jointly issued by the U.S. Department of the Treasury , […]