This story appeared in Bank Digest.
The Consumer Financial Protection Bureau and Federal Housing Finance Agency have announced the Borrower Protection Program, a new joint initiative that enables the CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency. Under the program, the CFPB will make complaint information and analytical tools available to the FHFA via a secure electronic interface, and the FHFA will make available to the Bureau information about forbearances, modifications, and other loss mitigation initiatives undertaken by Fannie Mae and Freddie Mac.