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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 48 June 2025 J O U R N A L Mountain Region • Montana (+15.6%) led with the high percentage growth and New Mexico (+23) had largest volume growth. North Central (East) • Michigan (9.5%) led in both per- centage growth and had the largest increase iin volume growth (+450). North Central (West) • Iowa (+6.6%) led in percentage growth and had the largest volume growth (+52). Northeast Region • Vermont (+32.65%) led with the high- est percentage growth and New Jersey (+160) had the largest volume growth. Pacific • Oregon (+31.68%) and (+467) led in both highest percentage growth and largest volume growth. South (East) • South Carolina (+10.1%) had the highest percentage increase and Ten- nessee (+326) had the largest volume growth. South (West) • Alabama (+2.47%) led in both the highest percentage growth and larg- est volume growth (+117). Southeast Sees the Highest Levels of Bankruptcy Filing Growth From Q4 2024 to Q1 2025, the South- east region saw the highest number of bankruptcy filings nationwide when comparing quarter-over-quarter (QoQ) changes. The District of Columbia, Flori- da, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia are all locat- ed in the southeast. Tennessee (+326) saw the most volume gain in the region, while South Carolina (+10.1%) had the highest percentage increase. "During the last few quarters, we have seen significant fluctuations in bankruptcy patterns across different re- gions in the country, but the increase in filings during the first quarter points to a likely rise in bankruptcy activity for the remainder of 2025," said Ryan Sanders, who leads Relationship Management with U.S. financial institutions for G2RS Bankruptcy Intelligence Solutions. "However, overall filings still remain below pre-pandemic levels, and we an- ticipate it will take additional time before those benchmarks are surpassed." The country's Mountain area saw the most percentage increase in bankruptcy filings when comparing the first quarter of 2025 to Q1 2024 across the board. Filings from this region, which includes Arizona, Colorado, Idaho, Montana, New Mexico, Utah, and Wyoming, have increased by 15.81% since Q1 2024. The two states with the most filings were Montana and New Mexico. CFPB TO CANCEL PANDEMIC-ERA MORTGAGE SERVICING RULE T he Consumer Financial Protec- tion Bureau (CFPB) is retracting a pandemic-era Mortgage Servicing Final Rule. Set for publica- tion in the Federal Register, Docket No. CFPB-2025-0014, the interim final rule (IFR) rescinds the final rule "Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X." In June 2021, the CFPB issued a rule to amend Regulation X to assist mort- gage borrowers impacted by COVID-19. The rule established temporarily proce- dural safeguards to help ensure that bor- Region Q1 (2025) Q1 (2024) Growth YoY% Growth Mountain 7,177 6,197 980 15.81% North Central (East) 23,689 22,284 1,405 6.30% North Central (West) 6,974 6,562 412 6.28% Northeast 14,187 13,292 895 6.73% Pacific 17,799 15,916 1,883 11.83% South (East) 34,259 32,045 2,214 6.91% South (West) 19,951 18,661 1,290 6.91% Puerto Rico 1,385 1,328 57 4.29% Total 125,421 116,285 9,136 7.9% Region Q1 (2025) Q4 (2024) Growth by filings: Previous quarter growth Mountain 7,177 7,667 (490) -6.39% North Central (East) 23,689 23,588 101 0.43% North Central (West) 6,974 7,284 (301) -4.26% Northeast 14,187 13,821 366 2.65% Pacific 17,799 17,407 392 2.25% South (East) 34,259 32,969 1,290 3.91% South (West) 19,951 20,317 (366) -1.80% Puerto Rico 1,385 1,552 (167) -10.76%