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CFPB Eyes Making COVID-era Mortgage Protections Permanent

The Consumer Financial Protection Bureau has asked for public input as it considers whether to potentially bring back pandemic-era automatic refinancing and forbearance measures for the long haul. So reports Bloomberg.

 

covid 19 4922384 640smallAccording to the CFPB, mortgage services may also benefit from automatic protections for borrowers that would allow them to pause payments or extend the mortgage maturity date.

Mortgage forbearance was part of the coronavirus relief package passed in 2020 by Congress.

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