CFPB Proposes New Foreclosure Rules

(RECAP: The Consumer Financial Protection Bureau (CFPB) has proposed some new measures affecting the way servicers handle mortgages in various stages of default. CFPB said that the proposal reflects the continued consultation with consumer advocacy groups, industry representatives and other stakeholders which has been ongoing since its mortgage servicing rules took effect. The proposed rule will be open for public comment for 90 days after its publication in the Federal Register.)