Statute
Regulation X
51 published works
Consumer Financial Services Law Monitor
CFPB Sends Final Mortgage Servicing Rule to the White House: What Servicers Should Expect
By Joseph DeFazio, Joseph Reilly
On Friday, November 6, the Consumer Financial Protection Bureau (CFPB or Bureau) sent a final rule titled "Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties (Regulation X)" to the Office…
New Jersey Foreclosure Defense Blog
Loan Modification Denied in New Jersey? Appeals, Dual Tracking, and Next Steps
By John Fazzio
Short answer: A New Jersey loan-modification denial may be appealable, but the federal 14-day appeal right is not universal. It generally applies when the servicer received a complete loss-mitigation application…
New Jersey Foreclosure Defense Blog
Force-Placed Insurance and Escrow Shortages in New Jersey Foreclosure
By John Fazzio
Short answer: A mortgage servicer may obtain force-placed hazard insurance when it has a reasonable basis to believe required coverage lapsed, but federal rules govern the notices, timing, charges, cancellation…
Consumer Financial Services Law Monitor
Foreclosure Normalization Is Here: What Mortgage Servicers Need to Know About Rising Litigation and Compliance Risk
After years of pandemic-era forbearance programs, emergency moratoriums, and historically low foreclosure volumes, the mortgage market is undergoing a meaningful correction. Foreclosure activity is rising steadily across the country, and…
Consumer Finance Monitor
CFPB Files Rulemaking Items With Office of Management and Budget
By Richard J. Andreano, Jr., John L. Culhane, Jr.
The CFPB recently made filings with the Office of Management and Budget (OMB) regarding the following rules: Loan Originator Compensation Requirements Under the Truth in Lending Act (Regulation Z). Discretionary…
Financial Services Perspectives
CFPB Rescinding the 2021 COVID-19 Mortgage Servicing Final Rule
By Jonathan R. Kolodziej, Jason R. Bushby
On May 15, 2025, the Consumer Financial Protection Bureau (CFPB) filed an interim final rule in the Federal Register that will rescind its prior 2021 COVID-19 mortgage servicing final rule.…
Consumer Finance Monitor
This week’s podcast episode: CFPB’s Proposed Mortgage Servicing Rule Amendments: Understanding the Impact on Loss Mitigation, Foreclosure, and Language Access
This summer, the CFPB issued its long-awaited proposed rule amending the mortgage servicing rules under Regulation X, with a focus on loss mitigation procedures, foreclosure protections, and language access. These…
Consumer Financial Services Review
Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules (Podcast)
By Krista Cooley, Christa L. Bieker, Tori K. Shinohara
Members of Mayer Brown’s Financial Services team summarize the main takeaways of the CFPB’s proposal to amend the Regulation X mortgage servicing rules, focusing on the proposal to amend the…
Consumer Finance Monitor
CFPB Issues Proposed Rule Amending Mortgage Servicing Rules
The CFPB recently issued its long-awaited proposed rule amending the mortgage servicing rules under Regulation X, with a focus on streamlining and expanding the loss mitigation procedures and foreclosure protections.…
Consumer Financial Services Law Monitor
CFPB Proposes New “Streamlined” Mortgage Servicing Rules
By Stefanie Jackman, Joseph Reilly
As we predicted here, the Consumer Financial Protection Bureau (CFPB or Bureau) last week proposed new and, in some cases, streamlined rules governing what mortgage servicers must do after a…