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pile of late mortgage payment bills with a calculator that says "S.O.S." Source: Shutterstock.

Saying that the pandemic has caused a “shocking increase in housing uncertainty,” the CFPB proposed Monday to stop mortgage servicers from foreclosing on most home loans until after the end of the year.

The plan outlined by the agency is an attempt to give borrowers time to find ways to make payments once pandemic relief ends.

David Baumann

 

Credit Union Times

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