Mortgage Servicing in the Age of COVID-19: Post-Forbearance
What happens when borrowers transition out of coronavirus-related mortgage forbearance and into other forms of loss mitigation assistance?
What happens when borrowers transition out of coronavirus-related mortgage forbearance and into other forms of loss mitigation assistance?
The Department of Housing and Urban Development last week issued underwriting guidelines for borrowers who have been previously granted forbearance due to COVID-19 or other presidentially declared disaster.
COVID-19 forbearance programs—and the rules, regulations and requirements that govern them—present a host of new and unique compliance challenges for mortgage servicers.