“When struggling homeowners can get the help they need without unnecessary obstacles, it is better for borrowers, servicers, and the economy as a whole,” Chopra said. “The CFPB’s proposal would reduce avoidable foreclosures and make the mortgage market more resilient during future crises.”
Endorsement from Vice President Harris
Vice President Kamala Harris endorsed the CFPB plan to streamline mortgage servicing rules, highlighting its potential to help homeowners across America stay in their homes, grow their equity, and keep their families safe.
“I have always believed that homeownership represents more than a roof over our heads,” Harris said. “It represents financial security, the opportunity to build wealth, and a foundation for a better future for people across our nation, their children, and future generations.”
