(Reuters) - The top U.S. watchdog agency for consumer financial protection on Wednesday announced proposed regulations it said would require mortgage servicers to offer help to borrowers in difficulty before resorting to foreclosure.
"When struggling homeowners can get the help they need without unnecessary obstacles, it is better for borrowers, servicers, and the economy as a whole," Rohit Chopra, director of the U.S. Consumer Financial Protection Bureau, said in a statement.
(Reporting by Douglas Gillison)
