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The CFPB’s Garibay stated in a declaration that the agency is attempting to expand dissemination of mortgage-relief information both straight and through housing counselors, community companies and banking institutions. The CFPB’s freedom made feeling for the industry both because mortgage servicers had been working with a workforce that is remote other challenges and because customers could be confused when they get loss-mitigation notices in early stages in a forbearance that may endure six to year, stated Justin Wiseman, handling regulatory counsel during the Mortgage Bankers Association. Continue reading →