Forbearance

4 min read

CFPB readies for another foreclosure crisis

November 14, 2021 Cucolle1

CFPB Takes Action to Prevent Avoidable Foreclosures, Agencies Will Examine for Compliance with COVID-19...

1 min read

Wells Fargo hit with a $250 million penalty cease and desist order

September 9, 2021 Cucolle1

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $250 million...

1 min read

CFPB Proposes Foreclosure Moratorium Until 2022

April 5, 2021 Cucolle1

The Consumer Financial Protection Bureau issued a proposal on Monday that would create a...

1 min read

CFPB Warns of Tidal Wave of Foreclosures this Fall

April 2, 2021 Cucolle1

“There is a tidal wave of distressed homeowners who will need help from their...

1 min read

CFPB Assesses Lender Pandemic Responses

February 16, 2021 Cucolle1

In their special Winter 2021 Supervisory Highlights, the CFPB found that financial institutions struggled...

1 min read

FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period

February 10, 2021 Cucolle1

Borrowers can now be in COVID forbearance for up to 15 months FOR IMMEDIATE...

1 min read

NAFCU Guidance on Mortgage Loan Modification After Forbearance

January 4, 2021 Cucolle1

The other day, we blogged about mortgage loan forbearance and the requirements under the Coronavirus Aid, Relief,...

1 min read

Eviction Freeze and Mandatory Forbearance Law Passes Judiciary Vote

August 19, 2020 Cucolle1

CA’s AB 1436 Goes to Senate Vote Next Week AB 1436 has passed through...

1 min read

California State Assembly Threatens CU Industry with New Bill

August 11, 2020 Cucolle1

California Long Term Mortgage Forbearance Bill Goes to Vote August 18 Your Help Needed!...

2 min read

Introducing HR 7301 – Another Repossession and Foreclosure Moratorium Bill

July 20, 2020 Cucolle1

Bans Repossessions and Foreclosures for Six Months and Expands CARES ACT protections to all...

1 min read

AB 2501 – The “Credit Killer” Bill’s Last Chance a “Big Nothing Burger”

June 18, 2020 Cucolle1

Sacramento, CA – 17 June 2020 – At 9:20 am PST, the California State...

1 min read

AB 2501’s Final Attempt at Passing the Assembly is This Morning

June 18, 2020 Cucolle1

Assembly Meeting is 9am PST 17 June 2020 – A 28-25 loss on Monday....

1 min read

Is AB 2501 the “Credit Killer” Bill Dead? Not by a Long Shot

June 17, 2020 Cucolle1

Your help is still needed! 17 June 2020 – While most of us were...

1 min read

Crazifornia’s AB 2501 “Job Killer Bill” Expected to go for Vote This Week

June 14, 2020 Cucolle1

On Today’s Agenda! – Again Sacramento, CA – 15 June, 2020 – The results...

1 min read

Crazifornia’s AB 2501 Pulled from Vote at the Last Minute, Major Revisions Made

June 11, 2020 Cucolle1

No Self-Help Repossession or Foreclosure until after January 1, 2023 Sacramento, CA – 11...

1 min read

California’s AB 2501 “Credit Killer” Bill on Schedule for Vote Today! – Again

June 10, 2020 Cucolle1

The Assembly will convene on Wednesday, June 10, 2020 at 10:00 a.m. Sacramento, CA...