Thank you to our hosts for the invitation, and to all of you for coming today. I’m particularly honored to be at a forum focused on bringing people together from across the political spectrum to forge commonsense solutions for the pressing issues facing our Nation.
The Consumer Financial Protection Bureau (CFPB) today
finalized new measures to ensure that homeowners and struggling borrowers are
treated fairly by mortgage servicers. The updated rule requires servicers to
provide certain borrowers with foreclosure protections more than once over the
life of the loan, clarifies borrower protections when the servicing of a loan
is transferred, and provides important loan information to borrowers in