A new mortgage rule aims to speed modifications and slow foreclosures
Federal officials have finalized a rule intended to slow down what they fear will be a looming wave of pandemic-related foreclosures by making it easier for lenders to modify borrowers’ loan terms and by adding additional hurdles before lenders can seize homes.
Original Article Source Credits: The Settle Times , https://www.seattletimes.com/
Article Written By: NA
Original Article Posted on: June 28, 2021
Link to Original Article: https://www.seattletimes.com/business/real-estate/a-new-mortgage-rule-aims-to-speed-modifications-and-slow-foreclosures/