Tag : FDCPA

Banking Fintech Mortgage News

Homeowners Are Protected From “Zombie Mortgages” By New CFPB Regulations

Fintech Staff Writer
by Fintech Staff Writer0
What is “Zombie Second Mortgage”? The origin of these “zombie” mortgages may be traced back to “piggyback” mortgages, when a mortgage, also known as a “80/20 loan,” consisted of a first lien loan for 80% of the home’s value and a second lien loan for the remaining 20%. The second......
Brace Receives CFPB No-Action Letter Template for its Loss Mitigation Platform
Fintech News

Brace Receives CFPB No-Action Letter Template for its Loss Mitigation Platform

Fintech News Desk
by Fintech News Desk0
Brace, a best-in class enterprise loss mitigation platform for lenders and servicers, announced that the Consumer Financial Protection Bureau (Bureau) has granted its application for a No-Action Letter Template covering Brace’s innovative loss mitigation platform under the Bureau’s Policy on No-Action Letters. Read More: Simple Announces Launch of Tax Refund Feature......
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