Freshman state Rep. Mike Freiberg wanted new regulations to protect homeowners at risk of foreclosure.

He got what he wanted a lot faster than he expected.

Freiberg and other House Democrats rolled out legislation Wednesday afternoon, calling for an end to the practice of “dual tracking,” where lenders speed the paperwork on a foreclosure, without informing the homeowner who’s trying to negotiate a way to save his or her home.

At 12:01 a.m. Thursday, barely 12 hours after Frieberg’s bill debuted at the Minnesota Legislature, the new Consumer Financial Protection Bureau announced a ban dual tracking imposed new rules strengthening homeowners' rights.The new rules take effect in January 2014.

The rule change has been in the works for years, and Frieberg said he wanted to push the reforms in Minnesota in response to a neighbor who is in danger of losing her home of 20 years to a lender who fast-tracked her foreclosure after she lost her job.

Fast tracking may be banned, but Freiberg said Thursday that he’ll push ahead with other provisions in his bill, including requirements  that homeowners be given a single point of contact by their lender  and the option of being heard by a mediator when foreclosure is a threat extra protections for veterans facing foreclosure.


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