CARES Act

The pandemic, along with the economic downturn it has caused, leaves homeowners across the country struggling to meet their mortgage payments. This has put more pressure on the Consumer Financial Protection Bureau (CFPB) to find ways of helping homeowners who have been impacted by COVID-19. At this year’s MBA Convention and Expo, Kathy Kraninger, director … The post How the …

For mortgage lenders and servicers, the pandemic will prove to be a test of business continuity planning while managing process and regulatory changes in real time, all while maintaining fairness and compliance across all aspects of day-to-day operations. The post Is Your Mortgage Servicing Program CARES Act-Compliant? appeared first on DSNews.

The Federal Reserve and the Treasury delivered testimony before the Senate Banking Commitee on how the CARES Act is assisting lenders and servicers nationwide. The post Update on CARES Act and Liquidity appeared first on DSNews.

In addition to updates on how the CARES Act has helped keep homeowners on their homes, the Week Ahead will also feature the latest data on housing starts and sales. The post The Week Ahead: Update on CARES Act appeared first on DSNews.

With the total number of borrowers in forbearance expected to hit between and 9 million, here’s how servicers can themselves and their customers ready for the wave. The post Servicing Experts Talk Forbearance Practices appeared first on DSNews.

A new white paper discusses how new programs and changes introduced in the CARES Act will affect the servicing process. The post New White Paper: Mortgage Servicers Bracing for Forbearance Impact appeared first on DSNews.

Under the recently signed CARES Act, the FHFA Director notes that borrowers are “on the honor system” when it comes to taking advantage of loan forbearance programs. The post Mark Calabria Urges Borrowers to ‘Be Honest’ appeared first on DSNews.