The COVID-19 pandemic is presenting one of the biggest challenges to the mortgage servicing industry since the Great Recession
The CFPB was born out of the 2008 financial crisis to protect the economically vulnerable
A new CFPB report shows more than 11 million renters and homeowners are behind on their housing payments
In 2020, the CFPB issued new rules to help ensure borrowers can afford the mortgages they take on
Algunos propietarios de vivienda que tengan problemas para pagar su hipoteca ahora tendrían un poco más de tiempo para buscar ayuda
Financial relief and protections for many student loan borrowers, renters, and homeowners has been extended
Some homeowners struggling to pay their mortgage now have a little extra time to seek help
In this update to our May 2020 report examining the effects of the COVID-19 Pandemic on credit applications, we find that credit card inquiries were still 30 percent below their pre-pandemic levels in September, while auto loans were depressed by 20 percent
Homeowners who are struggling to make mortgage payments because of a COVID-19 related hardship, or who got a mortgage forbearance that is coming to an end, should talk to their mortgage servicer or a HUD-approved housing counselor about options and next steps
The Bureau took steps to make it easier for consumers with urgent financial needs due to the coronavirus pandemic to access mortgage credit more quickly
