Equality-Oriented Mortgage Finance

The CFPB has asked for views on the extent to which it can facilitate certain refinancing (refi) products it believes enhance economic justice.  It has also identified refi features it believes put consumers – and especially vulnerable ones – at undue risk, identifying alternative products that it believes would significantly advantage these households.  The agency is also looking to encourage or even require automatic forbearance to increase borrower protection in the event of widely shared stress or personal hardship, although it could also be costly to servicers and investors depending on how any such program is designed.